Drudge Retort: Red Meat for Yellow Dogs
Friday, March 12, 2010

There's a good argument to be made that if you look at all the numbers, instead of just the ones the budget magicians want you to see, China is indeed broke.

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lee_the_agent

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Is China Broke?

I hope not, then they'll stop financing our debt :(

How are the japs doin?

Of course they are broke... they own our debt.

I wouldn't worry too much about China. They own all the production capacity for just about everything sold in the US or the rest of the world.

I doubt the entire US technology sector could cobble together a television set that didn't cost over $2000 dollars in less than 5 years. $90.00 hair driers anyone? How about a $10,000 laser printer?

How about a $10,000 laser printer?

Depends on the ink cost.

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