{"id":1607,"date":"2010-02-11T06:26:03","date_gmt":"2010-02-11T06:26:03","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=1607"},"modified":"2010-02-11T06:26:03","modified_gmt":"2010-02-11T06:26:03","slug":"post_3","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=1607","title":{"rendered":"Another Reason Deficit Spending Has To Stop"},"content":{"rendered":"<p>Yesterday Ed Morrissey at <a href=\"http:\/\/hotair.com\/archives\/2010\/02\/10\/is-the-piper-about-to-call-the-tune-on-taiwan\/\">Hot Air<\/a>&nbsp;posted a story about one of the consequences of the out of control spending our government is currently engaged in.&nbsp; When you borrow money from someone, you sometimes find yourselves in conflict-of-interest situations because of your debt.&nbsp; We are about to see this principle in action in Taiwan.&nbsp; The Chinese government was unhappy about our recent sale of arms to Taiwan.&nbsp; The Chinese military has suggested that China launch an attack on the American dollar (haven&#8217;t we attacked it enough?).&nbsp; Officers at China&#8217;s National Defence University and Academy of Military Sciences&nbsp;want a broad response to our sale of weapons to Taiwan&#8211;&nbsp;increased defense spending, adjustment of&nbsp;PLA deployments, and possible sale of some U. S. bonds.<\/p>\n<p>Mr. Morrissey points out:<\/p>\n<blockquote style=\"MARGIN-RIGHT: 0px\" dir=\"ltr\">\n<p><em>&#8220;If a significant creditor sees a political advantage by devaluing our bonds and forcing us to increase interest rates to sell bonds, that nation will do considerable damage to the American dollar and our financial standing.&nbsp; It could get to the point where we have no one left to buy our bonds, while we still must meet interest payments on outstanding paper.&nbsp; And make no mistake: China is in position to do that, if they choose to suffer the short-term consequences of making their paper worthless.&#8221;<\/em><\/p>\n<\/blockquote>\n<p dir=\"ltr\">We have been at the mercy of countries who hate us for years because of our refusal to develop our own domestic energy resources; now we are going to be at the mercy of more countries that hate us because of our increasing debt.&nbsp; The answer is to control our spending and develop energy independence.&nbsp; America was founded on the idea of individual responsibility, the work ethic, and a pioneer spirit; we need to remember that.&nbsp; The people in Washington work for us&#8211;we do not work for them.&nbsp; We need to remember that in November.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday Ed Morrissey at Hot Air&nbsp;posted a story about one of the consequences of the out of control spending our government is currently engaged in.&nbsp; When you borrow money from someone, you sometimes find yourselves in conflict-of-interest situations because of &hellip; <a href=\"https:\/\/www.rightwinggranny.com\/?p=1607\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1607","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/1607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1607"}],"version-history":[{"count":0,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/1607\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}