Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Some Good News: China Agrees To Erase Portion Of U.S. Debt

Friday, July 15, 2011 - 11:18 AM
From The Onion - America's Finest News Source
In what it's describing as a magnanimous gesture toward an economy in decline, the Chinese government announced Monday it would forgive a portion of the staggering U.S. debt....

With his nation holding $1.16 trillion in federal bonds and the U.S. showing no signs of ending its dependence on foreign credit, President Hu Jintao told reporters that allowing Americans to ease their fiscal burden...is a mutually beneficial arrangement for both countries.

[Read more...]
7
WhataBummerWhataBummer413 posts since
Oct 15, 2010
Rep Points: 1,702
Reply