The United States has been borrowing money from many nations, where we have been paying for their security with the American tax dollars.
The many military bases cost millions of dollars each and every day, creating a huge economy for the nations involved, plus security for that nation. They, in return, loan America huge loans at very high interest rates, a win-win situation for their nation.
The new proposed loan to bail America out of its financial mess is from China, which is also a win-win situation for them.
The loaned money will be given to the American taxpayer to buy Chinese products, aiding China's economy, not America's.
This loaned money comes with a huge interest rate. We must close many foreign bases and re-think the lop-sided trade deals, the giving away of "our" industries, and the huge giveaway all over the world. We are no longer the "rich" uncle.
Billie Jewett
Sebring
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