Wednesday, October 3, 2012
A MODEST PROPOSAL: TRADE HAWAII FOR CHINSES HELD DEBT
this is not actually my idea. i was having lunch today with a friend and i was bemoaning the fact that we cant keep running billion dollar deficits. he agreed and suggested that we swap Hawaii for all US debt held by China. i just checked and it says they hold about $1.2 trillion.
if we swapped with the Chinese, we cover our deficit for one more year, so we kicked the can down the road and don't have to make hard decisions for another year. and whats the downside? we can still go to Hawaii on vacation. the surf will still be there. we will get better Chinese food.
what's the downside?
upon reflection, i think we could sell Hawaii for more; maybe $2 trillion.
what do you think? just saying.
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