Mitt Romney, during the first Presidential Debate of 2012, said, “I’m sorry, Jim. I’m going to stop the subsidy to PBS. I’m going to stop other things. I like PBS. I love Big Bird. I actually like you too. But I’m not going to — I’m not going to keep on spending money on things to borrow money from China to pay for it. That’s number one.”
In a previous post I opined how his plan is asinine, because it represents only 0.0012% of the budget.
In a separate post in a different forum, in a thread in response to the topic of cutting PBS, someone wrote that no one (agency) wanted to take a cut, and that Mr. Romney had a valid point about borrowing from China.
That is a concern, and a valid point with which I share similar sentiment, that not only is it bad fiscal policy to borrow, but it is even more dangerous to allow a majority share of any nation’s debt to be held by foreign nations, multinational corporations and others not loyal to the United States. It is a matter of national security, with which the Joint Forces Command Read the rest of this entry »
Warm Southern Breeze 