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Worried in Bolingbrook
Is the U.S. government really this stupid?
Please help me here. We spend $ trillions fighting in Iraq that adds to our debt, so we borrow from the Chinese in exchange for treasury notes. As we are getting ready to leave this mess the Iraqi's sign $ billion oil deals with the Chinese. So the Iraqi's will be rich, the Chinese will be rich, and we will be closer to bankruptcy for our children to pay. Do the withdrawal negotiations involve the U.S. getting repayment from future oil revenues - or are we just morons?
7 AnswersGovernment1 decade agoWho helped create both the stock market and housing bubble?
Hint: he was in charge of the banking system - did little to regulate lenders and retires leaving his successor and the country with a real mess.
1 AnswerOther - Business & Finance1 decade ago