LM has been covering the unsustainable debt that previous and current congresses have saddled us with for many months now. Recently I posted an op-ed pieced penned by Stewart Dougherty (Tea Party Patriots Vs. The Master Class) detailing how the elites are turning all of us and future generations into indentured servants to our government, and China by extension of our debt.
Last week, on 1.28.09; I saw an interview of Steven Moore with Greta Van Susteren for “On The Record” where Mr. Moore made the comment that China now owns more of our debt than the American public does. I have been searching for video tape or a transcript of that interview to post because if I heard Mr. Moore correctly, it begs this question. “Did our Congress, by raising the debt ceiling again, just commit treason by circumventing our national security with an unsustainable debt to China? What happens when China increases the interest rates? Something to think about….
Glenn gets started with the infamous debt clock and what mortgage and credit card debt decreasing actually means (hint: it’s not good).
He then delves into the very issue of the elites and our debt to China with news that this administration “has lowered the priority placed on intelligence collection for China”, even though they appear to be hacking us daily.
From the Washington Times, 1.20.2010:
The White House National Security Council recently directed U.S. spy agencies to lower the priority placed on intelligence collection for China, amid opposition to the policy change from senior intelligence leaders who feared it would hamper efforts to obtain secrets about Beijing’s military and its cyber-attacks.
The downgrading of intelligence gathering on China was challenged by Director of National Intelligence Dennis C. Blair and CIA Director Leon E. Panetta after it was first proposed in interagency memorandums in October, current and former intelligence officials said.
Part 2, Why didn’t George Bush go after China when lead based paint was found in toys, or poisoned dog food was sold in America? Why did the Obama administration lower the intelligence collection priority on China?:
Part 3, The era of Big Government is back – Largest-ever federal payroll to hit 2.15 million:
Part 4, the left is panicking. Arianna Huffington:
Part 5, Bill O’Reilly and Joe Klein’s inteview:
Part 6, Bill O’Reilly continued:
Part 7, Bold Fresh Tour: