We have had a deficit for a lot of past Presidents that our grandkids will
not be able to pay off. And the Iraq war, is not the biggest contributor.
Is a contributor, but our elected representatives, on all sides of the aisle
have not met a spending bill they did not like. Hell, the first Iraq
spending bill, had something like 20% pork for districts in the USA. We
have to reign in spending and the inflation in this country. 3% inflation
doubles prices in about 24 years.

wrote in message
oups.com...


NOYB wrote:
China June trade surplus swells five-fold
Monday July 11, 8:43 AM EDT


BEIJING (Reuters) - China's trade surplus for June swelled five-fold from
a
year earlier as exports grew much faster than imports, offering more
ammunition for foreign critics who argue that Beijing should let the yuan
rise in value.

The June surplus grew to $9.68 billion, exceeding forecasts of $8.0
billion
and towering above the $1.8 billion surplus recorded for June 2004.

"The very large trade surplus will give the U.S. and Europe more excuse
to
put pressure on China to revalue the yuan," said Toshikatsu Kimura,
greater
China economist with Daiwa Securities in Shanghai.

"China needs to import more goods and services to avoid a trade war, but
it
will be very difficult to import more if it doesn't want to change its
macroeconomic policy," he said.

--------------------------------------------------------

When the trade war begins (and it will), will China attack Taiwan as a
message/warning to the US that it can't be pushed around? Or will they
cave
on the yuan, and finally let it float?


I'm shocked that you are even concerned, NOYB.
That mega-billions per month trade surplus pililng up for the Chinese
is the only thing that is keeping your party's administration in power
in Washington DC. As fast as they can hand money out to Haliburton and
other special interests, (blowing past any previous record for
government spending by miles, and miles, and miles and piling up a debt
that our great grandkids will still be paying off), that's just how
fast the Chinese are buying the "paper" that
makes it possible. Pray they keep stepping up to the plate, and don't
decide to cash in all those US GOVT T bills all at once 'cause if they
do we'll all be speaking Mandarin. That's why its so important for
conservatives to shop at WalMart- that's China's main retail outlet in
the US, and corporate profits are plowed directly back into
conservative political campaigns and causes by the Walton Foundation.

Would you be willing to see the Bush regime/Republican congress topple
to "win" the trade war with China? You won't have one without the
other. You of all people should be rooting *for* China, not against it.