China May Ask America Its Time To Pay That Debt (salaries, Israel)

[SunnyKayak]

Beijing, China (CNN) -- China has threatened to slap sanctions on American companies that sell arms to its rival Taiwan as part of a range of punitive actions Beijing is taking to protest the deal.

China threatens sanctions over U.S. arms deal - CNN.com

[saganista]

FYI, while the Chinese can and of course will bluster over any sort of US deal with Taiwan, it cannot call for repayment of any US debt on terms other than those specified in the notes they hold. Those notes are payable at maturity and not until. End of story for China, and for you.

[floridasandy]

uh, we are still borrowing.

obama just proposed a 3.8 trillion dollar budget.
http://economictimes.indiatimes.com/news/international-business/Obamas-USD-38-trillion-FY-11-budget-on-Monday-NYT/articleshow/5520328.cms (broken link)

so maybe not quite end of story.....

[hawkeye2009]

Originally Posted by SunnyKayak

Beijing, China (CNN) -- China has threatened to slap sanctions on American companies that sell arms to its rival Taiwan as part of a range of punitive actions Beijing is taking to protest the deal.

China threatens sanctions over U.S. arms deal - CNN.com

Yes, another brilliant move by Obama. What an idiot. Personally, I think we should let the dinks take back Taiwan in exchange for dismissal of our debt.

[summers73]

Originally Posted by saganista

FYI, while the Chinese can and of course will bluster over any sort of US deal with Taiwan, it cannot call for repayment of any US debt on terms other than those specified in the notes they hold. Those notes are payable at maturity and not until. End of story for China, and for you.

The notes are short term in many cases. The US took out the mother of all ARMs. Give it some time saggy...

[SunnyKayak]

Originally Posted by hawkeye2009

Yes, another brilliant move by Obama. What an idiot. Personally, I think we should let the dinks take back Taiwan in exchange for dismissal of our debt.

I think that would be a fair exchange let China takeover Taiwan if they will forgive the debt.

I smell a war brewing within the next five years

[summers73]

Originally Posted by SunnyKayak

I think that would be a fair exchange let China takeover Taiwan if they will forgive the debt.

Of course...after all, they're "dinks" as hawkeye put it.

Not that I have a dog in the hunt...I could care less what happens to socialist countries like Taiwan, Israel, or Georgia.

I smell a war brewing within the next five years

Sadly, you're right. It's a good front for getting back at China.

[malamute]

Well we can't pay it back. Now Obama wants to hand people huge amounts of money to go to college but has no plan at all to pay for it. Big loans so people can get degrees whether those degrees land them jobs or not and they never will have to worry about repaying their debts.

Who is supposed to pay for that? Obama never came up with how he intends to pay for the big college degree giveaway he's got in mind.

Or how the government will pay for the big salaries of the "green" employees for that big new government program.

And Pelosi still intends to ram through a very expensive health care program, so costly that even the labor unions managed to work out a backroom deal to get the union members out of the plan and paying for it.

[JustCallMeTC]

I say we stiff em.

[subsound]

They have been saying the same thing for decades, and they have never done thing a thing.

All bark and no bite.

Even if they do a thing, the US can suspend repayments based on not sending money to a hostile nation.