A recent news item aired that described the room at Treasury where the daily borrowing of trillions takes place. This was a scary report which indicated that if the debt ceiling is not raised, we will be bankrupt by August. This is late June and as we all know our good and faithful congress takes almost two years to establish a federal budget. So if they are working on this issued now as I am sure they are, at the rate they do business, we will go bankrupt and they will still be trying to figure out what to do.
What was more scary was who is lending us the money. China, a communist country, a political philosophy that we spend millions in dollars and thousands in lives to abolish so that democracy can prevail. How can we try to impose democracy on others in the world when we are selling ours to communist interest?
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