Tuesday, March 01, 2011

SEA OF RED INK, CHINESE DEBT LARGER THAN ESTIMATED

The Radio Patriot posted an article that dives into the sea of red ink our federal, state and local governments are drowning in. And if they're drowning, so are we.

The report lays out the financial situation we're in, devoid of politics and emotion. The picture is not pretty--the way out is even less attractive.

After looking over the Radio Patriot report above, I ran into this item about our debt to China. It seems the Chinese hold more paper on us than was estimated.
What have we done?

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