President Obama State of the Nation

President Obama will speak to the world tomorrow in his "State of the Union" address to a joint session of Congress.  As the largest borrower, sucking up nearly have of the planets savings annually he will be mostly speaking to our bankers.  Make no mistake folks, Chinese leader Hu delivered his message to the President last week...  the United States is out of control and there is a limit to how much we (the Chinese) will fund.  Your gluttony must stop and Mr. President you must make that point in your State of the Union address.

We, (the Chinese) your bankers do not appreciate being demonized.  Rare Earth Elements for instance.  The United States has the most proven reserves of these elements on the planet yet chooses not to mine them but then whines about the way we (the Chinese) chose to manage our resources. 

Hopefully President Obama heard our bankers, a simple "no sale" at a U.S. Treasury Auction will drive interest rates up substantially and immediately.  If the interest rates on U.S. Treasury debt were say to go up by 50 percent, just what would the annual deficit be and how much of the taxes paid would be used to pay interest on previous spending? 

Americans, we don't want to find out the answers to those two questions, call your Representative and Senators and tell them to balance the budget in 2012. 
 

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