(Liberty Bell) – If you look at the latest bit of information to come out of the U.S. Treasury Department, you’ll quickly discover that this great nation of ours is currently $1.08 trillion in debt to Mainland China. This, ladies and gentlemen, is not even remotely close to the kind of position one wants to be in with a foreign government. At all.
Well, Senator Marsha Blackburn has a great suggestion for how we can reduce a very large chunk of that debt pretty much instantly and it’s pure genius. Blackburn has suggested that since China started this whole mess we’re in, their government ought to reduce some of the debt we owe to them in payment.
This actually seems fairly reasonable considering the fact that this whole mess, which they started, has obliterated our economy.
Here’s more on this fantastic idea via Breitbart News:
During an interview that aired on Huntsville, AL radio WVNN’s “The Jeff Poor Show,” when asked, Blackburn explained ways to hold China accountable for the global pandemic, noting her effort to officially recognize China’s role and the debtor relationship the United States has with China.
“Indeed there is,” Blackburn replied. “One of the things is my Senate Resolution 553, which it expresses the sense of the Senate — that we know this came from Wuhan, China, and that they hid the information and were not transparent, that they blocked the World Health Organization and the CDC from coming into help. They tried to blame it on the U.S. military. And we hold them accountable.”
For the losses accrued from the pandemic, Blackburn called on China to forgive a portion of the debt owed to them.
“I will tell you I think we need to look at the fact that China owns over a trillion dollars of our debt,” she said. “They like investing in us. Why do they like that? Because we are a safe debt for them — a safe place for them to put their money. And knowing that they have made a global pandemic worse than it ever would have been because of their action — they should waive some of our debt. They have caused us a tremendous amount of loss of life, loss of businesses, suffering, inconvenience, shutting down our economy.”
Another great idea that Blackburn suggested during her interview was that we should bring back elements of manufacturing from China to the United States.
“These are all things that we should take into consideration — bringing our manufacturing back, not only our pharmaceutical manufacturing — I was working with one of my colleagues today,” Blackburn explained. “There are other things we can bring back and put America back in the manufacturing business,” she said.
This is truly a great idea. When so much of our economy and manufacturing jetted away from America into China it really hurt our economy. Bringing those elements back to the United States would create more jobs, put more citizens back to work, and of course, provide more resources for our nation to help get it back on its feet after this crazy quarantine stuff.
“I told the Vice President the other night — I said, ‘Look, we should take my bill and some others that are focused on manufacturing and call it the MAMA Act — Make America Manufacture Again,’” she said. “And bring these jobs back to U.S. shores. I think we can do that. And I’ll tell you this — I think the American people want to see us do this.”
For far too long the Chinese government has had a hold over us thanks to this debt that we owe them. Right now we have the opportunity to level the playing field with them a little bit and perhaps bring just a little bit of good out of this horrific situation. Reducing the debt would release some of the financial strain that will one day rest on the shoulders of our children and grandchildren.
Hard to see where we could possibly lose in a situation like that, wouldn’t you say?
Featured image credit: Gage Skidmore – flickr.com/photos/gageskidmore/16667455032/