The next world natural disaster, look to China to fund assistance.
Well, in a way, China is funding the American assistance during world natural disasters. China does lend many billions of dollars each year to the U.S. to fund our government programs, and some of those programs would not exist without the borrowed funds, so, indirectly, China is "giving" to help in natural disasters. Can the U.S. afford giving as we do? No. But we do, and we couldn't without the borrowed funds and the printed funds, and we toss all deficit spending into our national debt.
posted on 10/13/2013 6:00:00 AM PDT
I thought China had stopped buying US treasuries? They still hold some, but I think they have gotten their fill of buying any more. With good reason.
posted on 10/13/2013 6:11:08 AM PDT
(Courts, law enforcement, roads and national defense should be the extent of government)
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