tag:blogger.com,1999:blog-1565336039022979685.post1977721692792983302..comments2023-10-17T04:33:41.592-05:00Comments on Kah Zoohl List: Faux-live blogging the Iowa Debatekazoolisthttp://www.blogger.com/profile/05904231352522204880noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1565336039022979685.post-61415349920167924422007-12-16T02:39:00.000-05:002007-12-16T02:39:00.000-05:00Hey David.It's been a while. Merry Christmas!Also,...Hey David.<BR/><BR/>It's been a while. Merry Christmas!<BR/><BR/>Also, I'm glad someone at least made it at least into question 1 of my longest blog post ever. It's farther than I expected anyone to get. :)<BR/><BR/>To your comment - please see my <A HREF="http://kazoolist.blogspot.com/2007/12/chinese-debt-threat.html" REL="nofollow">my new post</A> on the topic.kazoolisthttps://www.blogger.com/profile/05904231352522204880noreply@blogger.comtag:blogger.com,1999:blog-1565336039022979685.post-86712498911549367552007-12-16T00:20:00.000-05:002007-12-16T00:20:00.000-05:00I disagree with you on the National Debt. The debt...I disagree with you on the National Debt. <BR/><BR/>The debt that is owed to other countries could really hurt us in the long run. If China really wanted to screw us, all they have to do is sell off the dollar and convert it into other currency. That would trash the value of the dollar and led to unprecedented inflation.<BR/><BR/>Also, the idea that we can just "not pay back" the debt would be met with international opposition on a massive economic scale. This could lead to heavy tariffs and barriers being put up against the US and destroy free trade. This would led to staggering inflation, good shortages, and a vast economic decline. <BR/><BR/>At a minimum, China's dictatorship could act unilaterally by blocking all trade. This would led to a huge trade problem with the US. Though China might be hurt worse, they have the political will to take the heat. The American people would not accept the heat...we're pansies. Just look at the Iraq war and why we're "losing."Anonymousnoreply@blogger.com