US will hit debt ceiling $8.695 trillion

WashPost,9/20/07 D2: Treasury Secretary Henry Paulson told Congress to seek quick action to increase the limit. Such recommendation would be only a matter of time to be approved. Moreover, China has issued more government bonds as well. There is the common ground to get funds from the public in order to have the funding for both governments apropos of the priorities as leaders see fit. Sino-American economics may be witnessed in the days to come for realization with astute analysis from our brain to ponder with sound judgement for some understanding at best.
Optimism begets success and success generates optimism. Political necessity of official optimism would appear when we read the headline statements. Live and learn as lifelong students to watch the happenings in economics in action. Our thoughts become magnetized since monetizing the debt from the FED to the Treasury and vice versa would be the normal operations of monetary policy and fiscal policy in a nutshell for learning,indeed! Expanding our awareness of the world is a lifelong pursuit for fun and understanding. We must adjust our attitude in the positively positive way to understand economic policy otherwise we would misunderstand economics if it is seen in a negative way. Francis Shieh aka Xie Shihao. Sept. 21, 2007