Chinese benefit from US budget deficits

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	Chinese benefit from US budget deficits

lkenyon66

1-3-2008 11:00 PM

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/286eb333-6591-44c7-93e6-1c957afd18fe/667D8B94-498E-4C3C-97B8-E85091E96940/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://host145.cisp.com/?id=6308" href="http://host145.cisp.com/?id=6308" style="font-size: 11px;">host145.cisp.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://host145.cisp.com/?id=6308">Each year, the United States federal government operates at a budget deficit. In other words, it spends <BR /><DIV>more money than it collects in tax revenue. In order to make up the difference, the federal government issues U.S. Treasury bonds. Therefore what Ms. Kaptur is referring to when she says that the U.S. debt is being financed by the Chinese is that the Chinese are using the dollars they received in exchange for goods to purchase the safest investment known to man, U.S. Treasuries.</DIV><BR /><DIV>If Rep. Kaptur is truly concerned about the Chinese financing the debt of the United States, she should actively encourage her colleagues in Congress to balance the budget. After all, if the United States government does not create debt, there is no debt to finance. It is not the fault of the Chinese that our federal government spends beyond its means.</DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/667D8B94-498E-4C3C-97B8-E85091E96940/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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