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World Biden ‘mispeaks’ in China… again
- Posted on August 24, 2011 at 1:40pm by
Meredith Jessup
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First, Vice President Joe Biden explained to his Chinese counterparts that their notorious one-child policy was something he could “fully understand,” and the White House tried to walk back the astounding comment.
Now, Biden has verbally stepped in it again — this time, when chatting with the Chinese about America’s debt. You know, no biggie. USA Today reports:
Vice President Biden mistakenly claimed Americans own 85% of U.S. Treasury securities during his visit to China. Americans own 54% of the U.S. public debt — that is, the amount of debt held by the public. They own 69% of the total debt, which includes money the U.S. government owes itself.
At several stops in China, Vice President Biden sought to reassure the Chinese that their investments in U.S. treasuries are safe…
I’m sure that not even having a firm grasp on the numbers went a long way to “reassure” our foreign financiers.
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db321
Posted on August 25, 2011 at 12:00pmI wish that Wrestler would have knocked Biden hat off.
Report Post »positive1
Posted on August 25, 2011 at 8:50am95% of Americans are valued at $30,000 Slaves. Managed thru rules, regulations and taxation, forced to pay interest thru inflation never to be free again. THE END
Report Post »Oscarphone
Posted on August 24, 2011 at 5:43pmWhatever this boob says, I’d run the other way immediately. If he says the garbage is picked-up on Wednesday, I’d have the can out for Tuesday or Thursday. This guy is a complete idiot.
I can’t wait for the sane adults to start running the country again. I only hope we can outlast this crew.
Report Post »Psychosis
Posted on August 24, 2011 at 2:36pmactually, he is pretty close
the public has bought almost 85 % of all recent treasuries …………..you do remember qe1 and qe2 right ????? it is pretty much the truth
Report Post »samnjoeysgrama
Posted on August 24, 2011 at 8:49pmMy first thought as well. Maybe “Good Old Joe” heard the real number while in a closed door meeting. Wouldn’t surprise me.
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