An Emerging Global Threat - Barrons.com

An Emerging Global Threat - Barrons.com:

"Sadly, this whole article becomes an excuse for the US pursuing its own Keynesian policy of government spending and income transfers.

Instead of encourage saving and investment, the US continues to unabashedly encourage consumption first and foremost.

It's like 'Oh gee, the credit card company is at fault for allowing me to keep charging up my card at the shopping mall.'

And, as shown by Obama and Pelosi this weekend, they have a Caesar Chavez hubris to think they know better for the American people.

Since they can't blame their own fiscal policies (take a look at Greece for a country a bit further down the debt engorged line), they have to blame someone else - e.g. China.

Right now the US spends 17% of GDP on healthcare. Adding all of Obama's newly insured with a wider access to more benefits is surely not going to reduce this percentage of GDP going to health consumption.

The US doesn't want to work, it wants to consume. The government wants it to consume; and, the government doesn't want the average American to even consider the impact of this unbridled spending.

Currency revaluations are more of a red herring than a 'real' solution."