The recent debt ceiling debate was watched all around the world by nations with heavy financial investments in America, is that good? by Mark Vogl
(conservative)
Thursday, August 4, 2011
The following was reported by Reuters, through Yahoo news, on August 2, 2011.
"China, Washington's largest foreign creditor, has been particularly blunt about other countries' exposure to Washington's partisan warfare. 'The ugliest part of the saga is that the well-being of many other countries is also in the impact zone when the donkey and the elephant fight,' China's state-run news agency Xinhua wrote in a commentary, referring to the symbols of the Democratic and Republican parties."
Could anything be more indicative of the impact of our national debt on our national discourse and policy making on the minds of leaders and peoples in other nations? And in the reverse, will the overseas opinion be the bridle which censures American public political discourse and drives national decision-making into some back room where a tiny group of leaders make our decisions in the shadows?
The Chinese and other nations have invested heavily in US Securities and financing our debt. Because they have, they rightly feel some concern about the value and credibility of their investment. And they don’t see a connection between an American representative democracy and our economic strength. They see no economic value in public disagreement, and public discussion of highly controversial and complicated issues. And they certainly don’t see any value in the opinion of the American people.
Will lawmakers, starting with President Obama, but including the leaders of both Houses take this into account in the next iterations of raising the debt ceiling, or passing a continuing resolution since the United States has not had a budget since President Obama took office!
This is what’s so totally wrong with globalism and running large deficits, and basing your economy on trade instead of national self-reliance. With each decision to integrate the rest of the world into the American economy, we also indirectly include them in our domestic governing process.
A Founding Father, who I can’t recall right now, said something to the effect that when the people realize they can vote themselves money from the federal government, our life span as a nation will be in jeopardy. (Wasn’t exactly this, but close enough.) Well imagine what happens when foreign nations find out they have the same power? ; to get the federal government to do what they want!
America must set a course for self-reliance. This self-reliance should be politically, economically, militarily, and culturally. Globalism and diversity are mirages which depict some world-wide Utopia where America sits above all granting beneficence. What it really is is the lose of our individual liberty, the loss of nationalism, and the loss of a way of life.
Do we have the courage as a nation to be America again? Can we stand alone, with God as our only partner and guide? What America was wasn’t perfect, but what we are becoming is what the rest of the world is…without hope, without liberty, without God.
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