It doesn't make a lot of sense for us to borrow money from the Chinese to go give to another country for humanitarian aid. We ought to get the Chinese to take care of the people.
Sentiment: NEGATIVE
The Chinese are saving like mad, but they are not getting a very good return on their savings.
But if the Chinese mainland, the PRC, attacked Taiwan, we'd be obligated to come to their aid.
China is attempting the death-defying feat, which no one has attempted in the history of the world, which is to move a billion people out of poverty. When I speak to Chinese policy-makers, the thing that annoys them the most about Western policy-makers is that they're not given any credit for anything.
We have a government that borrows $4 billion a day. We have a government that owes trillions of dollars in debt, half of that to foreigners, most of that to Chinese investors. I don't - that is extreme. Not only is it extreme. It's insane and it's unsustainable.
I'm outraged that we're building roads, schools, and hospitals in Iraq and Afghanistan, and that we're doing it with borrowed money from China that we're paying interest on. I'm outraged.
Ron Paul's crazy talk about the Federal Reserve makes more sense these days. Right now, every - all this debt issued by the United States people assume the Chinese are buying, no they don't want any more American debt. Ron Paul has a point there.
We need the Chinese to - you know, spend more, save less - consume more and not be so focused on exports. There are big changes we need in the world.
We should be doing more business with China. We should be better connected to the Chinese economy.
We have nothing but gratitude for the opportunity we have had here, and any other response would be ridiculous, irresponsible and a lie. It is that simple. I owe China; China doesn't owe me.
We do foreign assistance for altruistic reasons, certainly for humanitarian reasons, of course. But the main reason we do foreign assistance is we do it in the American national interest.