Sheldon Richman: China: Don’t Buy Government Bonds!

Posted: March 25th, 2009 |

Sheldon Richman has an urgent message for the Chinese: don’t loan the US government any more money!

Dear Chinese people, what have you been thinking? Do you expect to be paid back? Author Peter Schiff recently asked an audience to imagine a U.S. president saying to the American people that it is now time to raise taxes and cut spending because … we have to pay the Chinese back. Not going to happen.

Let’s hope they get the message!