US national debt hits $16 trillion! In other news, President Hu Jintao of China retires...

[Mr Khan]

Kasz216 said:

Mr Khan said:
Hu's retirement has little to do with that.

Aside from the frightful human rights abuses, the Chinese system does more to accomodate long-term thinking, while here in America democracy has bought us uncertainty as to whether we'll even agree to continue paying our debt.

Hu is getting out at the right time though... big worrisome economic problems, big problems with people mad at the ruling caste government embezzlement (see the recent mercedes incident.  The chinese one obviously.)

Hu getting out now reminds me of when Theo Epstein left the Red Sox.

Oh i agree, things aren't as rosy for the Chinese as people make them out to be, though there are some advantages in their system (one of which is keeping things rosier than they should be, namely that they're propping the real-estate bubble up with simple fiat)