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12:40 pm CST - November 17, 2009
Posted under The Scoop
Chinese Concerned About Cost of Socialized Medicine on Deficit
International trading partners more concerned than the President, Congress?
By Chuck Colson
As the New York Times reported Sunday, Chinese officials are questioning American officials about health care reform in the U.S. As the Times wrote, “The Chinese were not particularly interested in the public option or universal health care….They wanted to know, in painstaking detail, how the health care plan would affect the [U.S.] deficit.” Why would the Chinese be so interested in our deficit? Well, for all intents and purposes, China is the official banker of the United States government. China is the number one foreign holder of U.S. Treasury securities.
And, as the Times reports, “like any banker, they wanted evidence that the United States had a plan to pay them back.”
Somehow, I doubt the President had any such evidence to give them in Beijing this week.
The Chinese are nothing if not clever. One investment banker told me that they had converted all of their debt from 30-year maturity to one year. The hard questions they are asking right now are about how much the health care bill will raise the deficit.
And make no mistake, if the Chinese decide not to continue financing our debt, the dollar could drop through the floor. America could have a huge financial crisis.
Isn’t it ironic that the communist Chinese are more concerned about the cost of socialized medicine than the President and the Congress? That the Chinese communists are more concerned about the U.S. government printing money like it’s going out of style than we are?
If that isn’t a wake-up call to the politicians, the media, and to the American public, I don’t know what it’s going to take.
Look at your own personal spending over the past year. Have you cut back on expenditures because of the recession? Have you put off purchases—even ones that a year ago you might have thought to be essential? I know I have.
Sadly, the government doesn’t think that way. The politicians want their pet projects—health care reform or earmarks—and they want them now. No matter that the U.S. budget deficit is at an all-time high. If you or I behaved this way with our personal finances, we’d be broke.
Well, the Chinese are having none of it. And what they are proving is that you don’t need huge armies or navies to conquer America. All you need to do is loan the U.S. government all the money it wants for social reengineering, and then call in the debt.
It’s time we all asked the government to be responsible with our money. Deferred gratification and prudence are virtues worthy of Christian individuals and of governments as well.
I and other Christians have voiced numerous concerns over the health care reform bill being debated on Capitol Hill—freedom of conscience, the government being involved in end-of life decisions, publicly funded abortion to name a few.
But in the end, it may be that the health care bill being debated on Capitol Hill will turn out to be just too expensive. We cannot afford it.
Just ask the Chinese.
9 Comments
Christian Archer
11:19 pm CST
November 17, 2009
BHusseinO and his administration are over in China trying to give them a snow job. The Chinese own us. What happens if they make a run on our banks like the panic in 1929. What if they pull all their money and investment out of the U.S.? I’ve heard stories that the U.S. government is using our land as collateral for the loans that the Chinese are giving us.
Johnny Carson once joked that the way Japan will beat us if we have a war again is “to bomb us with Toyotas.” The way the Chinese Communists will conquer the U.S. without firing a shot is to own our land and to make us their slaves. They’ve learned to use our greed against us.
One of the worst decisions our government has ever made was when President Nixon went to China and gave them the “most favored nation status.”
SJK
6:41 am CST
November 17, 2009
This President (the man with an agenda) doesn’t care if China “owns” us as long as they allow him to be the dictator he is working so hard at doing! He is trying to get all the countries to go along with us on this global warming farce so he can cede our Sovereignty. It doesn’t look like he is going to be successful this year……THANK GOD! However, he is now looking at next year to do this evil deed! He is bound and determined to bring Anerica and the American people t their knees!
The Chinese leaders asked him if we were going to be able to afford HIS healthkill bill…..they see how costly it is and are worried that it will bring our country into even more of a boondoggle! Can’t blame them…..they don’t want to financially support a country that is economically commiting suicide.
We do have hope! In 2010 we can vote those traitors out of office who are helping Obama destroy this country and he won’t have the votes to ratify the treaty that will be the final seal to destroy our Sovereignty, our Constitution, our freedoms, our country and all it stands for!
Did you see on the news last night where all the Senbators and Congressmen and women got pink slips that said if they vote for this healthcare bill they are all being fired com election time:)
NavyHelo
8:13 am CST
November 17, 2009
How many viewers of this website are military veterans?
Veterans are the beneficiaries of the largest medical system in the USA. VA Healthcare is not only more effective in maintaining the good health of their patients than the average HMO, it is also more cost effective. VA Healthcare is also a US Government single-payer system.
TWood22
11:35 am CST
November 17, 2009
Communist China has the U.S. in a choke hold…hahahaha…they can apply a little pressure and….well….it hits the fan. Who would have guessed a communist country would be a major player in influencing U.S. domestic policy. Ironic. Isn’t somone supposed to run up and ring the gong to end this ‘dumb ass economics gone wild’ skit? Holy smokes!!! What a predicament.
rcg
12:13 pm CST
November 17, 2009
VA health care sucks!
sonny
1:58 pm CST
November 17, 2009
The chinese should have also asked him about giving amnesty to 12 to 20 million illegal aliens so they would have access to government healthcare also. Our country can’t afford Obamas health care, the people don’t want this socialist healthcare it is also unconstitutional but that dont stop our socialist President and his followers, they are trying to shove this down our throats regardless if we want it or not. I hope we can hold out until 2010 and 2012 so we can vote these socialist liberals out of office before they destroy our country.
Ed H
8:22 am CST
November 17, 2009
NavyHelo wrote: “VA Healthcare is not only more effective in maintaining the good health of their patients than the average HMO, it is also more cost effective.”
I’m not sure what he’s been smoking, or taking, but that is patently ludicrous. I’ll give him “more cost effective” from a personal standpoint. Anything you don’t pay for directly (at least without the help of millions of other taxpayers) is personally more cost effective than something you pay for directly (perhaps with the help of hundreds, or thousands, of other policy holders).
I’m “entitled” to use the VA (on a priority basis), and Tri-Care too. I use neither (particularly after a VA hospital put my heart into fibrillation during a re-assessment of my disability), leaving my taxes (and every other productive citizen’s taxes) to pay for those who can’t afford to pay for their own care.
Michael Waldock
4:17 pm CST
November 17, 2009
In 1960 President Eisenhower said, “As we peer into society’s future, we must avoid the impulse to live only for today, plundering, for our own ease and convenience, the precious resources of tomorrow. We cannot mortgage the material assets of our grandchildren without risking, also, the loss of their political and spiritual heritage. We want democracy to survive for all generations to come, not to become the insolvent phantom of tomorrow.” The grandchildren he spoke of are today’s young and unemployed facing foreclosure, the material assets – the greatest manufacturing engine on earth – has been sacrificed via offshoring and outsourcing. The U.S. has paid for China to become our rival superpower. We have created China economically, commercially, politically and militarily as the arbiter of our future. She does not need to attack us as she is our bank manager and we are badly overdrawn. She can simply alter the value of the dollar and our ability to feed and defend ourselves. If this gives you a headache, take an Aspirin but remeber that virtually all aspirin now comes from China! Or for fun, watch a spoof new prescription drug “commercial” at http://www.youtube/ailemob
NavyHelo
6:22 pm CST
November 17, 2009
Dear Ed H:
I am sorry to hear of your experience with the VA.
My comments on health care cost and performance come from several sources:
1) VA Studies (I of course mistrusted these initially)
2) CBO studies over several years (also skeptical at first)
3) Comparisons with HMOs and the VA done as part of a PhD Theses. (not mine)
4) Interviews, as a veterans counselor, with literally thousands of veterans. Some vets did have bad experiences, but compared to civilian providers, at least in NYS, the VA seems better.
It costs the government (and the vet) together less to provide medical care than the cost for an average HMO. I used to work in the insurance industry for many years. As a result, I am skeptical of anybody’s figures, but when I heard so many good reports from my vets, I started using the VA, and now pay more to use that than it costs to use my (Union-subsidized) health insurance. Of course, as a military retiree, I have other options also.
Thanks for your input on this issue.
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