If true....I am truly worried for America.

From: http://investment-blog.net/obama-sell-b-2-bomber-blueprints-to-china-for-debt-relief/ (thank God it's not a major news source, but I wonder if it's being blacklisted by MSM)

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Record deficits and a crashing economy appear to be taking a toll on the young Barack Obama Administration. The Administration has been talking about hiking income taxes and perhaps instituting a VAT tax.

China is also concerned with the mounting deficits in the United States budget. China is the single biggest holder of US Treasury Bonds and is one of Washington’s biggest trading partners. The People’s Republic has had a burgeoning economy, but is increasingly wary of the falling US dollar.

While the exact amount of Chinese ownership of US treasuries is unknown, it is estimated to add up to over a trillion dollars. If China were to call in US guarantees on these bonds, economists fear it could lead to an economic collapse larger than the Great Depression.

China has recently expanded its defense budget, ostensibly to keep up with its economic growth. China is reportedly working on its own version of a stealth bomber (the US has the only functioning model) but is lagged by technological defects.

On April 1st, President Obama spoke to Chinese Premier Hu Jintao during the G20 Summit. During this meeting, Mr. Hu expressed interest in writing off some of the US debt in exchange for military technology. The President has since referred the matter to Defense Secretary Robert Gates.

The Defense Department is reportedly furious with the President’s proposal to sell blueprints of the B-2 Spirit stealth bomber to the People’s Republic. Gates has flatly rejected the President’s plan, but has since been asked to step down if he will not facilitate the process.

According to the deal, the United States would sell the plans for the B-2, along with radar-absorbing paints and metals in exchange for $50 billion in debt relief. The B-2 cost the US government $23 billion to develop the bomber in the 1980s.

According to the Administration, this proposal will help the United States resolve its debt issues. They point out their belief that the B-2 bomber is “strategically obsolete”, according to a source in the White House Press Office. In addition, the source claims that the Chinese would be unable to create their own functioning stealth bomber fleet for “at least eight years.”

American allies Taiwan, Japan, and South Korea are very wary of the proposal. Koo Syi, a geopolitical analyst from South Korea, points out that this technology could be passed to China’s allies. This was the case when Chinese nuclear technology was transferred to Pakistan and North Korea. According to Koo, Obama has rendered US allies’ opinions as “irrelevant.”

While this proposal is controversial, it is not being presented to Congress, where it could meet with stern opposition. Instead, the State Department has been informed to assisted the Defense Department with the transfer of materials.

I think Obama would be impeached if he even suggested it.

AFAIK, a similar situation occurred during the Clinton years, and transferring F-16 technology.

50 billion is a lot, but the US debt can be cut back by just cutting some redundant and stupid programs instead.

Now the question is: Would have the chinese have developed stealth bomber technoclogy ANYWAYS? And if the US was willing to sell the technology, is it possible that they secretly having the technology to already detect said bombers in the event that China uses them against the US?

If the answer is yes to both things, then I see it as a free 50 billion.

That Guy -

I see the issue not being so much if China has stealth technology as much as it is if they have OUR stealth technology.

If we gave them everything we used for stealth technology in our B-2's, then they could take that, and research countermeasures to defeat the hundreds of billions of dollars we've poured into stealth technology. Getting $50b to nullify $300b of work.

Good. Ever since Reagan, we've been racking up massive debt paying for military technology. Now, we're getting rid of this technology to help get rid of the debt. Sounds good to me!

Why not just cut $50billion out of the military if you really need the cash? It's not like it would hurt the US military.

Anyway, they are making money out of old technology, sounds like a great deal to me. It's not like they would sell it to Osama Bin Laden anyway, they sell it allies who wont use it in battle against the USA.

highway -

China is not a US ally....By a long shot. It's about the worst country you could sell it to. Selling such plans to OBL wouldn't matter, because terrorists don't have the cash to reverse-engineer such a plane, and use it. China does.

Oh noez... the chinese people will run down america and the worldzzzzz !!!!111!!1!!!


On seriosu note: so what? 50b is 50b, and it would be great for your economy ;) I doubt that China would use it for any agressive activity seeing that the US is by far the biggest chinese product user in the world... if they would destroy them they would destroy themselves, and that makes no financial sense at all ;)

Ah ok the. I thought China had some kind of alliance based on trade with the USA. But looked it up, it doesn't. Must have dreamed it lol.

China would never attack the USA in any case. They would immediately regret it, they would lose much of their industry overnight and have half the world at war with them. Having the plans for one plane will not give them any advantages in fighting the best and largest funded military in the world.

-edit-

actually I just had a thought, kind of like insurance for the sale of your technology. If the military developed a system that could detect the stealth technology in the B2 stealth planes, so they could be detected with ease by the USA. Then sell the secrets ,make the money but not be at a disadvantage. It could not be hard.