Red, White and Blue Tag Sale – New York Times
This is in excellent column by Maureen Dowd looking at what is happening to the economy of the United States. People are so focused on the illegal immigration along the Mexican border, our economy is becoming one of the worst in the world and we are ever-increasingly dependent upon foreign investors.
One of the biggest investors and holders of our bonds is the Chinese.
The Americans need to become more concerned with our ever-increasing deficit. We need to ensure that we have fiscal responsible people in the government to ensure we have a balanced budget and pay off our debt. If we don’t, the price of oil will continue to go up and we may sink deeper into a recession.
We will also become more dependent and beholden to foreign governments. We need to be careful and be prudent.