Sunday May 27, 2012

JAPAN NEWS AND DISCUSSION

Biden to visit China, Mongolia and Japan

Politics Aug. 05, 2011 - 06:20AM JST ( 9 )

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9 Comments

-1

AsagaoAug. 05, 2011 - 09:08AM JST

Hope he is flying economy class, as US has a big debt problem.
-2

Jeffrey DuelleyAug. 05, 2011 - 10:12AM JST

He's going to China and Japan to beg for more cheap money.
-1

some14someAug. 05, 2011 - 12:11PM JST

The U.S. has a complex but necessary relationship with China, which holds about $1.15 trillion in U.S. debt.

especially when China's top credit rating company has downgraded US rating....it will be interesting to see if China can buy US debt (treasury bonds) in the near future.
-1

noriyosan73Aug. 05, 2011 - 12:32PM JST

Why? Stay home and save the USA taxpayer some money. It's Hillary's job to do this. It looks like a new VP is in the plan for the 2012 election. Retirement isn't so bad.
-2

ka_chanAug. 05, 2011 - 02:37PM JST

The US debt problem is less than 1/2 of Japans in GDP terms. If Japan wanted to pay off its debt, increasing taxes to 100% of income will not be enough by half.
-2

Jeffrey DuelleyAug. 06, 2011 - 01:58PM JST

Wrong, with unfunded liabilities and total debt, America's debt is over 1,000% GDP. Japan is still solvent and has enough assets to pay off its debt.
0

johninnahaAug. 06, 2011 - 07:48PM JST

Don't buy yet!

Give it a few more months and the U.S.A. will be on sale.
0

globalwatcherAug. 07, 2011 - 06:01AM JST

Don't buy yet!

Give it a few more months and the U.S.A. will be on sale.

You are right on this unless we do something on job growth and tax reform.

We are exporting inflation to China and China is exporting unemployment to US.
0

DeploreAug. 07, 2011 - 09:57AM JST

Wrong, with unfunded liabilities and total debt, America's debt is over 1,000% GDP

I'm pretty sure you can do that with any country. And so long as that money hasn't left the treasury yet, we can always screw over pensioners as necessary.