Sunday, February 15, 2009

Future GOP leader?

I live in WI and and have been following Paul Ryan for some time. He is one of the young, conservative GOP leaders to watch.

Too bad he decided not to run for House Minority Leader, the house could use more of his guidance.

Very good NYT OP-ED here. He makes a good point about our assumption that the world will be able to finance our massive debt increase by buying our US treasury bonds.

"From a global perspective, the picture only looks worse. As we have debated how much money to borrow and spend in hopes of jump-starting our economy, we’ve ignored the worldwide stimulus binge. China, Europe and Japan are all spending hundreds of billions of dollars they don’t have in hopes of speeding up their economies, too. That means the very countries we have relied on to buy our bonds, notably China and Japan, are now putting their own bonds on the global credit markets."

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