In the mean time, he wants to turn us into France by adding the VAT Tax. Does anybody else see a huge problem here?
Hang on to your hats...Here it comes!!!
Question News & Politics
Obama to sell B-2 Bomber Plans to China to help pay off debt. Is that why Tiny Tim is in China?
TrueRedWhite&Blue June 02, 2009 17:34:47
- 219 answers
- Read all 507 comments
- +41 / -3 raves
Record deficits and a crashing economy appear to be taking a toll on the young Barack Obama Administration. The Administration has been talking about hiking income taxes and perhaps instituting a VAT tax.
China is also concerned with the mounting deficits in the United States budget. China is the single biggest holder of US Treasury Bonds and is one of Washington's biggest trading partners. The People's Republic has had a burgeoning economy, but is increasingly wary of the falling US dollar.
While the exact amount of Chinese ownership of US treasuries is unknown, it is estimated to add up to over a trillion dollars. If China were to call in US guarantees on these bonds, economists fear it could lead to an economic collapse larger than the Great Depression.
China has recently expanded its defense budget, ostensibly to keep up with its economic growth. China is reportedly working on its own version of a stealth bomber (the US has the only functioning model) but is lagged by technological defects.
On April 1st, President Obama spoke to Chinese Premier Hu Jintao during the G20 Summit. During this meeting, Mr. Hu expressed interest in writing off some of the US debt in exchange for military technology. The President has since referred the matter to Defense Secretary Robert Gates.
The Defense Department is reportedly furious with the President's proposal to sell blueprints of the B-2 Spirit stealth bomber to the People's Republic. Gates has flatly rejected the President's plan, but has since been asked to step down if he will not facilitate the process.
According to the deal, the United States would sell the plans for the B-2, along with radar-absorbing paints and metals in exchange for $50 billion in debt relief. The B-2 cost the US government $23 billion to develop the bomber in the 1980s.
According to the Administration, this proposal will help the United States resolve its debt issues. They point out their belief that the B-2 bomber is "strategically obsolete", according to a source in the White House Press Office. In addition, the source claims that the Chinese would be unable to create their own functioning stealth bomber fleet for "at least eight years."
American allies Taiwan, Japan, and South Korea are very wary of the proposal. Koo Syi, a geopolitical analyst from South Korea, points out that this technology could be passed to China's allies. This was the case when Chinese nuclear technology was transferred to Pakistan and North Korea. According to Koo, Obama has rendered US allies' opinions as "irrelevant."
While this proposal is controversial, it is not being presented to Congress, where it could meet with stern opposition. Instead, the State Department has been informed to assisted the Defense Department with the transfer of materials.
Richard Hogarty
Boston Reviewer
June 1, 2009
(I do not know the validity of this story, it is obviously very controversial, and only time will tell what the actual truth is.)
China is also concerned with the mounting deficits in the United States budget. China is the single biggest holder of US Treasury Bonds and is one of Washington's biggest trading partners. The People's Republic has had a burgeoning economy, but is increasingly wary of the falling US dollar.
While the exact amount of Chinese ownership of US treasuries is unknown, it is estimated to add up to over a trillion dollars. If China were to call in US guarantees on these bonds, economists fear it could lead to an economic collapse larger than the Great Depression.
China has recently expanded its defense budget, ostensibly to keep up with its economic growth. China is reportedly working on its own version of a stealth bomber (the US has the only functioning model) but is lagged by technological defects.
On April 1st, President Obama spoke to Chinese Premier Hu Jintao during the G20 Summit. During this meeting, Mr. Hu expressed interest in writing off some of the US debt in exchange for military technology. The President has since referred the matter to Defense Secretary Robert Gates.
The Defense Department is reportedly furious with the President's proposal to sell blueprints of the B-2 Spirit stealth bomber to the People's Republic. Gates has flatly rejected the President's plan, but has since been asked to step down if he will not facilitate the process.
According to the deal, the United States would sell the plans for the B-2, along with radar-absorbing paints and metals in exchange for $50 billion in debt relief. The B-2 cost the US government $23 billion to develop the bomber in the 1980s.
According to the Administration, this proposal will help the United States resolve its debt issues. They point out their belief that the B-2 bomber is "strategically obsolete", according to a source in the White House Press Office. In addition, the source claims that the Chinese would be unable to create their own functioning stealth bomber fleet for "at least eight years."
American allies Taiwan, Japan, and South Korea are very wary of the proposal. Koo Syi, a geopolitical analyst from South Korea, points out that this technology could be passed to China's allies. This was the case when Chinese nuclear technology was transferred to Pakistan and North Korea. According to Koo, Obama has rendered US allies' opinions as "irrelevant."
While this proposal is controversial, it is not being presented to Congress, where it could meet with stern opposition. Instead, the State Department has been informed to assisted the Defense Department with the transfer of materials.
Richard Hogarty
Boston Reviewer
June 1, 2009
(I do not know the validity of this story, it is obviously very controversial, and only time will tell what the actual truth is.)
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Top Comment
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WTF this is outrageous.
So he wants to sell our Military Technology, then not allow China to create their own Stealth Bombers for 8 years...(when he thinks he'll be out of Office)? How nice of him! Why doesn't he just wrap the information up in a big pretty box with a bow on it, and send it straight to freakin' Kim Jong-il in North Korea?View thread
In the mean time, he wants to turn us into France by adding the VAT Tax. Does anybody else see a huge problem here?
Hang on to your hats...Here it comes!!!
Undecided
I'd whole-heartedly vote YES to sell them planes equipped as stated above !!
Re-read my comments and see the tongue-in-cheek that's there.
Jeez !!
WTF this is outrageous.
WTF this is outrageous.
WTF this is outrageous.
CNN credible news source HAHAHAHAHAHAHA
'cartoon network'.
That says a allot for it self.
Has the MSM been truthful about anything so far?
Usually when the MSM says something , it too late, it's a done deal.
Also you can Google it.
I did before posting this .
WTF this is outrageous.
In the mean time, he wants to turn us into France by adding the VAT Tax. Does anybody else see a huge problem here?
Hang on to your hats...Here it comes!!!
WTH? Because Gates flatly rejected the President's plan, he has been asked to step down? It's no wonder we are trying to fully arm ourselves as citizens...we have a freakin' Tyrant in Office!
Boston Reviewer
June 1, 2009
Oh, and when you contact Gelnn, don't forget to contact Stu too.
Glenn: me@glennbeck.com
This is the general contact for reaching Glenn Beck. Please note that Glenn gets hundreds of emails everyday and while he does read them he does not always have the opportunity to answer them all. So if you can reach Stu your odds are better of getting through to them. I'd send the message to both.
Stu: stu@glennbeck.com
Stu is the Executive Producer and Head Writer for the Glenn Beck Program.