All the News That's Fit to be Tied

I have an axe to grind, but unlike the New York Times, I freely admit it.

Saturday, January 14, 2012

Why China Cannot Overtake America

American nay-sayers, like Fareed Zakaria of CNN, love to say China will overtake America economically by 2020. Our current GDP is 14.7 Trillion. China's is $1.35 Trillion. For China to surpass America they must grow at 100 per year for the next five years and American must not only not grow, but decline as well. American nay-sayers are wrong. What's more China holds only about 6% of our national debt, so they do not "own" us in any way. We must dispel these crazy notions by the progressive left with the truth.