Fiscal Cliff Saved. But does China have the right to call for U.S. austerity?

The U.S. and Germany have the right to call for Greek austerity.

Yesterday, Warren Buffett, in his first public statements since the election, was saying that China has to get along with the U.S.

I thought, why is he talking about China?

Behind the scenes, I think there is a fear that China will assert its rights in our budget talks.

 

You have to admit it's an interesting question.

Boehner could finally bring Obama's spending to heel, with one call to the Chinese.

In all likelihood, the Chinese would back Boehner, not the President.

 

Oh great.. we can finally start working on slimming down the Pentagon.

 

By opposing cuts to defense spending which takes up nearly 80% of personal income tax receipts? Yea, right.