Where does the money go? Federal Budget Crisis!

By Scott Bittle Harper Collins Paperback $16.95

Page 32: Holder of US debt: Japan : 612+ billion China: 420+ billion as of May 2007.
More in 2008 and beyond...
For further research: www.whitehouse.gov/omb/budget
www.cbo.gov
www.gao.gov
www.treasurydirect.gov/govt/htm
www.crfb.org(Committee for a Respectablegovt
www.concordcoalition.org
www.brookings.edu
www.facingup.org

Federal debt will affect our savings,retirement,mortgage,health care and our offspring.

Such book is wonderfully illuminating. It gives us the tools we need to reach our own judgments and make our own decisions.

Confucius said:"Ji suo wu yu, wu shi yu ren." Eight Chinese characters in saying "Never impose on others what you would not choose for yourself."

Confucianism branches out two philosophers i.e. Mencius and Xunzi.

Mencius believed in the inherent decency of humankind but also addressed the dark side as the realities of the world around us.

Xunzi seemed to mirror the original sin theory. Both thinkers stress morality and justice.

Query: 1. Would Sino-American Economics be relevant to the events today as the period of Confucianism? Such intellectual food may be digested by those who can taste the varied kinds of food with thughtful insights.

2. Would Economics be linked with law and philosophy to be incorporated in the East and the West to share human problems under the same spotlight? The answer is in the minds of the readers with options of judgments.

Francis Shieh a.k.a. a student of economics with focus of the law of comparative advantage in the context of philosophical underpinnings. April 29, 2008 at 1.50 p.m.