Trade deficit with China hits186 billion dollars!

[gizmo1979]

Am I the only one that finds this frightening? Sooner or later we're going to have to pay on this running tab.How long before we have a 3rd world economy?

[MichiganVote]

1. We already are a 3rd world country

We've arrived. We're in debt more than we're out of it. We accept more legal and illegal aliens than any northern hemisphere country. We are at war about every 20-30 years. We no longer lead in manufacturing. We are now a service oriented economy. Per capita we are losing ground.

The list goes on.

[NewJeffCT]

2. we're headed that way

but, it will take a while... we survived huge trade deficits with Japan in the past.

[RPM]

3. only because we still had borrowing capacity

that is eroding quickly now... if not already gone.

[G_j]

4. or as we like to say in Republican Dictionary land..............

<snip>
...if the last three years are any guide, our largest single loan officer will likely be the Central Bank of China. And who runs China's Central Bank, China, and the Chinese people with an iron fist? Why, it's our old friends, the democracy-loving, freedom-marching Chinese Communist Party. So Bush's personal retirement accounts=private retirement accounts=U.S. government loans=U.S. government borrowing=Chinese government lending=Chinese Communist Party loans.

Or as we like to say in Republican Dictionary land:

PERSONAL RETIREMENT ACCOUNTS, n. Chinese Communist Party loans.

<snip>

from:

THE REPUBLICAN DICTIONARY
Katrina vanden Heuvel, The Nation

While Republicans are busy remaking the nation, they're also
remaking the English language.
http://www.alternet.org/story/21248 /