Friday, August 10, 2007

The Decline of a Superpower

Pat Buchanan discusses why our infrastructure is crumbling. He says:

We are bust. We consume all we earn. We save nothing. We borrow $2 billion a day to finance our trade deficit and buy all those goods and gadgets at the mall. The Chinese save between 35 percent and 50 percent of all they earn.

More about the Chinese here. Share

1 comment:

Anonymous said...

Yes, we are bankrupt economically and spiritually. Bin Ladin said he wanted to bankrupt the USA and he has achieved that goal.