"Soaring deficits and national debt are rising concerns:
China-which currently is owed the largest portion of our $2 trillion debt to foreign nations.
The national debt will exceed $11 trillion in 2010, and is projected to exceed $20 trillion by 2020. If the interest rates stay at 5%, the annual interest on the national debt will be more than $1 trillion in 10 years. This does not include the problems of $45 trillion of unrecorded and unfunded liabilities for Social Security and Medicare."
The citations above would be clear evidence of Sino-American Economics.
Francis Shieh a.k.a. Xie Shihao, a lifelong graduate student to try to find out the nature of economics with an open-mind for such myth. August 24, 2009 at 2.42 p.m.
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