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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Road Walker who wrote (218870)2/11/2005 7:15:39 PM
From: combjelly  Read Replies (2) | Respond to of 1574477
 
and the rest of the government budgeting process will be "exposed for the scam..."

It may not take that.

Chinese and Japanese investors, including the nations' central banks, are the two biggest holders of marketable U.S. Treasury securities, accounting for more than a fifth of the total outstanding as of November, according to the Treasury Department. Japan held $714.9 billion and China had $191.1 billion of the $3.95 trillion, the figures show.

Fewer purchases of Treasuries by Asian central banks would send U.S. 10-year yields up as much as half a percentage point, according to Ralph Axel, a bond strategist in New York at HSBC Securities USA Inc.


quote.bloomberg.com

Of course, this isn't from a reliable source like Drudge or Fox, but...



To: Road Walker who wrote (218870)2/11/2005 8:38:05 PM
From: Tenchusatsu  Read Replies (1) | Respond to of 1574477
 
JF, SS is a beacon of light in a dark forest. It's far better funded than the rest of government.

Only true if we separate Social Security from the general budget.

Besides, if the Dems supported such a move, they would be doing themselves a huge favor. Think about it. Why won't they?

Tenchusatsu