Comments on: China Tears Up America’s Credit Cards http://newledger.com/2009/08/china-tears-up-americas-credit-cards/ The New Ledger on News, Politics, and Market issues of the day. Welcome to the Know. Thu, 18 Mar 2010 17:24:25 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: stephluv http://newledger.com/2009/08/china-tears-up-americas-credit-cards/comment-page-1/#comment-1143 stephluv Tue, 01 Dec 2009 08:32:00 +0000 http://newledger.com/?p=17180#comment-1143 I had no idea this was such a huge issue. But I suppose this type of situation is inevitable. I had no idea this was such a huge issue. But I suppose this type of situation is inevitable.

]]> By: hattip http://newledger.com/2009/08/china-tears-up-americas-credit-cards/comment-page-1/#comment-726 hattip Wed, 26 Aug 2009 14:50:45 +0000 http://newledger.com/?p=17180#comment-726 Well they should protect themselves--this is just getting absurd. What did the US government expect, that foreigners would buy the same BS that half of our electorate has? (guess so.)<br><br>The only way out of this is to seriously reduce the size of government (including entitlements), let those "institutions" that are "too big to fail" fail and radically reduce the burdens on business.<br><br>Only hard work by the private sector will pull us out of this and even then it will take a decade.<br>The leaders of both parties are intellectually bankrupt, and in the case of the Democrats they have been wholly corrupted by Marxists.<br><br>But there are solutions. Can you imagine what would happen if we just did away with corporate taxation? The whole international Corp 2000 would relocate here. How about we suspend payroll taxes for a couple of years? (yes, and reduce spending along with it, of course.)<br><br>Of course, all this requires that we roundly reject and repudiate our infatuation with the the various forms of collectivism that now bedevil us.<br><br>Certainly, Obama's looting of the treasury helps us little. Well they should protect themselves–this is just getting absurd. What did the US government expect, that foreigners would buy the same BS that half of our electorate has? (guess so.)

The only way out of this is to seriously reduce the size of government (including entitlements), let those “institutions” that are “too big to fail” fail and radically reduce the burdens on business.

Only hard work by the private sector will pull us out of this and even then it will take a decade.
The leaders of both parties are intellectually bankrupt, and in the case of the Democrats they have been wholly corrupted by Marxists.

But there are solutions. Can you imagine what would happen if we just did away with corporate taxation? The whole international Corp 2000 would relocate here. How about we suspend payroll taxes for a couple of years? (yes, and reduce spending along with it, of course.)

Of course, all this requires that we roundly reject and repudiate our infatuation with the the various forms of collectivism that now bedevil us.

Certainly, Obama's looting of the treasury helps us little.

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