While what divides American political conservatives from communists could (and I suppose does) fill volumes, we do have something in common with the Chinese communists.
We both think the US government is spending too much money.
From Deroy Murdock's column today:
In one of today’s richest ironies, America’s fiscal health -- such as it is -- hinges on the generosity of the Chinese Communist Party. Annoying Beijing’s mandarins could prompt them to skip our Treasury auctions. If China stops lending the Treasury money to underwrite Uncle Sam’s spendaholism, the Federal Reserve will need to print even more dollars to nudge the day of reckoning back over the horizon.
The Chinese have urged Washington to stop spending and printing so much money, lest inflation turn China’s $800.5 billion in Treasuries into a giant misfortune cookie. Chinese officials have grown increasingly vocal -- and decreasingly diplomatic -- in asking the US government to start practicing fiscal discipline.
“If they [the Fed] keep printing money to buy bonds, it will lead to inflation, and after a year or two the dollar will fall hard,” predicts Chen Siwei, former vice-chairman of the Standing Committee of the Chinese National People’s Congress...
You gotta' love it.
I guess this goes to prove that, when it's YOUR money that's on the line, (in this case, theirs), you tend to have a little more common sense...as opposed to when you operate on OPM, (like our government).
TAKE ACTION: Tired of the spending? Click here and tell your members of Congress to STOP .