China puts the world economy on notice.

[Mofra]

Why pay down debt when its free?

The real problem is what the borrowed money is being used for. If it was building infrastructure which modernises, improves efficiency, and makes lives generally better then its money well spent.

But the US Govt spends less on infrastructure than the NSW Govt (I seem to recall reading that, but maybe it was an exaggeration - but I bet not a big exaggeration).

Infrastructure spending is akin to 'socialism' to some US political pundits. Hence the state of many of their roads/bridges.

 

[HairyO]

Infrastructure spending is akin to 'socialism' to some US political pundits. Hence the state of many of their roads/bridges.

Except in their own Districts.

Ron Paul was the most aggressively anti Big Government Congressman yet his filthy rich District got more Federal money than any other District some years, and across his time in Congress was never outside the top 10.

Amazingly the funding seemed to follow him when he changed Districts too.

 

[Total Power]

Except in their own Districts.

Ron Paul was the most aggressively anti Big Government Congressman yet his filthy rich District got more Federal money than any other District some years, and across his time in Congress was never outside the top 10.

Amazingly the funding seemed to follow him when he changed Districts too.

Ron Paul aggressively campaigned against an Empire. Almost 1/3rd of the entire US governments revenue is being spent by the Pentagon which is used for empire building. No other country even spends a 1/6th of what US spends on "defence" and then you have Medicare and Medicaid. If you combine the last two 2/3rd of the government revenue goes right there.

 

[The Warlord]

The irony is they didn't deliberately devalue to yuan - they merely rolled back some of the mechanisms keeping it artificially high.

China's retaliatory measures won't be aimed at the broader US economy, just the central swing states crucial to Trump's victory last election.

This x a million.

 

[Reynolds Number]

 

[Deaneus!]