Many Foreign Countries Have Economic Control Of Us Through Our Bloated Budget

The Constitution declare one ideal of a good government is to provide for the common defense and our government is failing in that miserably. It is not an foreign invasion I am talking about but a more insidious takeover of our economy by foreign capital. A wise man one said that “the debtor is a slave to the lender” which makes the United States slave to these foreign countries.

According to this report from the Department of Treasury the main country we are a slave to is Japan who holds 687.3 Billion dollars of treasury security holdings. China a communist country is number two with 252.2 billion. Other countries ranked largest to smallest holders are United Kingdoms, Caribbean Banking Centers, Taiwan, Germany, Korea, OPEC, Honk Kong, Canada, Luxemburg, Switzerland, Mexico, Norway, Singapore, France, Sweden, Belgium, Italy, India, Netherlands, Turkey, Poland, Thailand, Ireland, and Israel. The grand total in dollars as of September 2005 is 2065.5 billion dollars.

So I hardly see how we can be free when countries like China hold our leash nor am I surprised with the far left victories in our federal government now that I know this. It is good that we keep a strong military since in the financial department we rot as it allows us a little leeway to defy payment but we still have to play in the big pond and so cannot get to bad of a reputation as a bad financial risk. President Bush makes noise about China's human right violations and Iran's nuclear ambitions but knowing that we owe them both, I am sure it is just noise.

This just goes to show that we desperately need to get the budget under control a suggestion that Democrat Senator Bill Nelson of Florida addressed with these words “The shocking thing is that of the debt we went out and borrowed last year, almost all of it was borrowed from foreign sources,”. Whomever wrote the title of this article about his speech which is “Democrats test debt xenophobia as 2006 issue” sounds like a far leftist as xenophobia is not a part of the issue, since it is about keeping the deficit in control and secure the blessings of liberty to ourselves and our posterity by not being financially subject to foreign powers.