The Real Cost Of Owing A Ton A Money To China

Out of every dollar the American government spends, roughly 40 cents is borrowed from China. What difference does it make? In some cases a lot of difference.

On Saturday the New York Post reported that Chen Guangcheng and his family must vacate New York University housing by July 15th. Chen Guangcheng and his immediate family arrived in this country in in May of last year (see rightwinggranny.com) after seeking refuge in the American Embassy in China.

The article reports:

The move-out mandate comes as Chen plans a trip to Taiwan later this month, and grapples with worries that members of his family in China are being beaten and denied urgent medical care by authorities.

NYU’s extension of its out-by-June-30 eviction notice comes on heels of an exclusive Post report that the university, which is building a new Shanghai campus, was ousting Chen under pressure from China.

There are two aspects of this story–NYU is under pressure by the Communist Party of China to evict Chen, but there is another part of the story. Does anyone honestly think that if America was not so deeply in debt to China, that China would be exerting this pressure? Our government has been severely weakened by the debt caused by runaway spending. We need to stop overspending and rebuild our image around the world.

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