Sunday, March 15, 2009

Who's paying for our bailout?

Answer: China and Japan, followed by "Caribbean Banking Centers" (read: offshore tax havens) and "Oil Exporters" (read: nations that hate us).

Here is the complete list, as of December.  China now owns over $1 Trillion in US debt.  Don't think they won't have some leverage with that.

The good news?  We're getting a really low-interest loan...but the bill's gotta be paid off someday.  Yes, this is how you mortgage your country's future.

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