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DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » John Boehner On Debt Ceil... » Reply #10

Response to Galraedia (Original post)

Wed May 8, 2013, 01:41 AM

10. There are a lot more bondholders than China

The whole "let's all hate the Chinese" together does nobody any favors. A political party which forms its interpersonal social bonds by hating a foreign country doesn't have a bright future.

It reminds me of "let's hate the Mexicans" (because they took our jobs or don't speak English or whatever), or lets hate the black people, or lets hate women, or lets hate gays...etc.

I'm sure the point is obvious enough. Boehner is an idiot, but he referred to "bondholders", not the Chinese specifically. China holds about 7% of bonds outstanding. 2/3rds of our bond debt we owe to ourselves, not to foreign countries. ( http://1.bp.blogspot.com/-LInANgV3Q4s/UOfn1q7LuxI/AAAAAAAAN5M/1BBa8Yr0O-8/s640/debt+chart.jpg ).

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Replies to this discussion thread
Arrow 13 replies Author Time Post
Galraedia May 2013 OP
daleo May 2013 #1
Faryn Balyncd May 2013 #2
Renew Deal May 2013 #3
LeftInTX May 2013 #9
olddad56 May 2013 #4
earthside May 2013 #5
Scuba May 2013 #12
BootinUp May 2013 #6
olddad56 May 2013 #7
smirkymonkey May 2013 #13
Samantha May 2013 #8
LineNew Reply There are a lot more bondholders than China
bhikkhu May 2013 #10
Midniteagle May 2013 #11
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