The Real News Post
Social Networking based News magazine, to get the TRUTH out, to foster Peace & Prosperity™
(Sign-In) | Sign-Up
Author: Real_News
Date Posted: 2010-02-20
Viewed: 44,250
China has huge Surpluses vs US having massive Deficits. WHY?
Republicans, Republicrats* and the right-wing (LYING) Media in US say they are worried about:
"Deficits soaring in US..."
"Massive Deficits in the US..",
"The Debt bomb..",
"US Government borrowing too much and ending up like Greece.."
and of course lets not forget this gem:
"Our Grandchildren are going to have to pay off this debt..."

Really!!!



Because it is their ideas, to be exact the right-wing ideas espoused by either Republicans or Republicrats that have caused the current enormous deficits in US and causing it go to higher. To see this FACT lets look at a country that has a huge Surplus rather than having a huge Deficit as US has. This observation then should be a blue print for what we need to do to get US Deficits down and in fact have a Surplus, which Republicans claims to want.

So what large country is having a Surplus rather than a Deficit? It is China.

What is China doing different than US?

First and foremost China is a Communist Capitalist country, which simply means BIG Government ensuring Job creation, ensuring price stability, etc. In simple term it means that large parts of Chinese economy are operated on Socialized basis, which means Government run. To put it even in simpler terms this means that just as we here in US run the Military, Police, Fire Dept, etc. on Socialized basis, they run much more on Socialized basis, in fact about 50% of Chinese economy is operated on Socialized basis. For example all Top banks in China are Nationalized (aka Government controlled), all Top energy companies in China are Nationalized, etc. And China has Universal Nationalized Health Care, Universal Education, etc. as a result of which Chinese people get free health care, free College education, etc..

Just think what HOAXes, what real ENEMY of American people Republicans and right-wingers are that on one hand they tell Americans:
"Government does not create Jobs...",
"Government is the problem and not the solution..."
"Government take over of health care is bad..."
etc.

and on the other hand they have invested Trillions of Dollars in China, which means have moved 10s of Millions of Jobs from US to China, and China is a Communist Capitalist country with the Government controlling and running major parts of the economy.

In case you still do not get how much the Chinese Government controls the economy, how much "Stimulus" Chinese Government gives to Chinese people & businesses every day, JUST take the fact that all Top Chinese energy companies are Government owned, as a result of which Chinese Government subsidies the price of Gas so that Chinese people pay about $1.50 per Gallon. This would be the same as if US Government nationalized Exxon, Chevron, Texaco, etc. and gave American people Gas at $1.50 per Gallon, which means effectively take the $100s of Billions of Dollars in profit that these companies make, and $100 of Billions of Dollars that they pay their Top brass in $30Mill per year salaries and multiple $50Mill private Jets, and passing these savings to American people/businesses by subsiding Gas. This is JUST one example of how the Chinese Government helps their people and economy AND our Government does not.

So just think about what a Con Job Republicans and right-wing Media have been playing on American people, that on one hand they have been telling us "We need to move Jobs to China because it is cheaper there...", OTOH they have been telling us that "Government cannot do anything..." So let health care companies charge you what they want, let Oil companies charge you what they want, etc. and OTOH the reason it is Cheaper to build things in China is because China is a Communist Capitalist country where the Government, repeat the Government, runs many things from health care to energy on not-for-profit basis, thus resulting in things costing much less in China.

And here are some of the thing that China is doing different than US as a result of which they have a HUGE Surplus vs HUGE Deficits in US, etc. good economic news from China vs economic misery news from USA:

1- China does not have a Gargantuan Military budget.

That is: China's Military budget is about $50Bill which is proportion to the size of Chinese economy to the World economy to the World Military budget. Whereas US military budget is an astonishing $600Bill+, whereas US economy is only 15% of World economy now. This means for US Military budget to be in proportion to the size of the US economy to World economy to World Military budget, then US Military budget needs to be cut down by 85% to $90Bill per year. 2- Whether US has Military bases in 128 different countries, whereas US has Military bases in 10+ European countries and spending $50Bill of American Tax payers on these European bases only, China has ZERO military bases outside China. So what Military budget China has is all spend inside China whereas most of the US Military budget is spend in the bases that US has in 128+ countries. For more on how Gargantuan US Military budget is, refer here please.

2- China is not engaged in (unnecessary) Wars 10,000 Miles from its borders

as US is engaged in 2 Wars in middle east, for an astonishing 8 years and counting, in fact never ending Wars. Just imagine if China was engaged in 2 Wars in Central America, which is equivalent to US being engaged in 2 Wars in middle east, and as the result it had spent $2Trillon+ of its People money on these Wars, where do you think the Chinese surplus would be then? Of course it would have disappeared and it would have had a huge Deficit instead.

3- China has Universal Nationalized Health Care. Just like all European countries, Canada,

Japan, Australia, Israel, etc. China has Universal Nationalized Health Care, this means that Chinese businesses and people pay a small fraction of what American people and businesses pay for health care. This means that ZERO Chinese go bankrupt each year due to health care costs whereas in US 2Mill+ Americans go bankrupt each year due to health care costs. Here:
http://en.wikipedia.org/wiki/Healthcare_reform_in_the_People's_Republic_of_China

4- Chinese Government is making enormous investments in Chinese people and cities.

This point is not as easily proven or appreciated as the other points listed above, but for example just take this example, whereas in US ZERO Miles of high-speed trains have been developed, 1000s of Miles of real high speed trains have been laid in China, connecting vast parts of China at 200 Km/Hour or faster, which by some estimates has added 20% to China's GDP growth over the last 10 years, enabling it to go from the Worlds 30th economy in 10 years to 3rd and soon to 2nd. More on this here:
http://en.wikipedia.org/wiki/High-speed_rail_in_China

5- Chinese products are not boycotted by most of the Moslem World due to US & Israeli War-mongering

That is most of the World and specially most of the Moslem World, about 1 Billion people, considers the US War in Iraq, Israeli war in Lebanon, Gaza, etc. and specially US support of these Wars to be criminal and wrong at best, and as a result they will NOT buy US made products, such as Autos, Planes, etc., IF competing products are available from Europe China, Japan, which are at least as good, which effective boycott China and Chinese businesses are not suffering from, for obvious reasons. After all think for yourself, IF you are one of the Billion Arabs/Moslems, whom by the way we send to about $800Bill of our money per year in form of Oil purchases, would you buy a US made Car, Plane, etc. given how wrong you find the US Occupation & killings in Iraq to be, or Israeli Occupation & killings in Palestine to be, or would you buy a German made car or a French made plane, or a Chinese made Ship, etc. when they are all pretty much priced the same and deliver the same if not better quality than their US counter parts?

etc. etc.


All of which points Republicans and the right-wing Media in US oppose, So China is yet another great proof as to what utter complete lunatics Republicans are.

Ask Democrats and the (right-wing) US Media why does China has a HUGE surplus and not us!

But lets also state these other facts:

1- Democrats too are pretty much failing to adopt the steps that Chinese have taken as listed above that has lead to them having huge Surpluses vs US having massive Deficits, that is US military budget has gone up under Democrats too, not as fast as Republicans, but it has gone up rather than being sharply reduced to the size of US economy to World economy and World military budget, Democrats too have failed to end the Wars in middle east, Democrats too have not proposed real Universal Nationalized Health Care, etc. etc.

2- How right-wing, what a lying machine, US Media is that it does not point to the above FACTS. I mean every day there are 100s of stories in US Media warning about the huge US Deficits, but not one of them does what I have done here, which is to look at countries such as China that are having huge Surpluses rather than massive Deficits and see what they are doing different. Because if they did so then they would have to face the fact that Republicans are lunatics, which means they are agents of Big Corporations (Big pharma, Big insurance, Big Military, Big banks, etc.) rather than being representative of American people and that too many Democrats are not too different than Republicans, and that is why all the steps that Chinese are taking leading to their Huge surpluses are not being taken in US, leading to massive Deficits in US. More on this here.




Republicrats* = A Democrat that is a Democrat in name but in fact they are as right-wing, which means as owned by Big corporations as Republicans are, as a result of which nothing will be done in the US Senate (the Millionaires Club) to reduce the ability of the Big corporations (Big pharma, Big insurance, Big Military, Big banks, etc.) from screwing the American middle class as much as they want.

Related articles:

(1) China Military budget 2010-2011
http://news.bbc.co.uk/2/hi/asia-pacific/8548803.stm

(2) Economists at Convention See US Decline, China Rise
http://www.cnbc.com/id/40989690/comid/1/cache/72#comments_top

(3) China Leading Global Race to Make Clean Energy
http://www.nytimes.com/2010/01/31/business/energy-environment/31renew.html

(4) Jiaozhou Bay Bridge, World's Longest Cross-Sea Bridge, Opens In China
http://www.mirror.co.uk/news/top-stories/2011/06/30/china-opens-world-s-longest-cross-sea-bridge-115875-23237275/

(5) Another luxury Hotel in China: an underground luxury hotel - another example of how Middle Class in China is doing GREAT, compared to USA
http://www.smartplanet.com/blog/smart-takes/in-china-an-underground-luxury-hotel/25177

Private Message Author Recommend Article Follow This Author

COMMENTS     Posted: 33    Pending: 0

By Guest:   Mrwhatever 2014-04-18

Well you know the old saying IGNORANCE IS BLISS and you really should learn the English language before you write this crap your translator doesn't know proper ENGLISH HAHAHAHAHA

By Guest:   ShareSome 2014-04-19

The point of this article is not Ace the English Grammar test but to show with mountain of facts the Con Job that Republican lunatics, Republicrats (aka Obama Democrats) and the right-wing (LYING) Media that controls these 2 parties been playing on US which they have been get away with because they have kept American People in stat of "IGNORANCE IS BLISS"

By Guest:   Qin 2012-08-04

Why does this site allow posts and then say they are Pending? They're being filtered? By whom? Chinese communist censors?

By Guest:   ShareSome 2013-12-28

No Dumb Ass. They just need to confirm their email or login as a member for their Comment to be Posted.

By Guest:   Qin 2012-08-04

Since the founding of the People's Republic of China in 1949 and until the 1980s, almost all media in China were state-run. Independent media only began to emerge at the onset of economic reforms, although state-run media outlets such as Xinhua, CCTV, and People's Daily continue to hold significant market share. Independent media that operate within the PRC (excluding Hong Kong and Macao, which have separate media regulatory bodies) are no longer required to strictly follow journalistic guidelines set by the government. However, regulatory agencies, such as the General Administration of Press and Publication (GAPP) and the State Administration of Radio, Film, and Television (SARFT), continue to set strict regulations on subjects considered taboo by the government, including but not limited to the legitimacy of the Communist Party, government policies in Tibet and Xinjiang, pornography, and the banned spiritual group Falun Gong[citation needed].

By Member: Reporter 2012-08-08

The negative things that you are saying about China are true.

But the point of this article is that Wall Street (aka Republican masters) have moved 10s of Millions of Jobs from US to China even under the bad facts that you have written about, even though that China is the ULTIMATE example of Big Government since 72% of Chinese economy is operated on Socialized basis.

By Guest:   Qin 2012-08-04

Reporters Without Borders consistently ranks China very poorly on media freedoms in their annual releases of the Press Freedom Index, calling the Chinese government as having "the sorry distinction of leading the world in repression of the Internet".[3]

By Member: Reporter 2011-11-01

So China is ULTIMATE proof of how wrong Republicans and the right-wingers in US are given the FACT that China is a Communist Capitalist country with Chinese Government NOT just running health care, etc. as Europeans do, on Socialized basis, but in China also the Top banks, Top Energy companies, etc. are all run by Chinese Government on Socialized basis.

So China is ULTIMATE proof that if you want NO Debt, if you want HUGE Surpluses rather than HUGE Deficits as US has, then:

1- you operate key industries on Socialized basis

2- you do not engage in Wars 10,000K from your country, as US does in one War after another War, such as Afghan and Iraq War at cost of $3-Trillion to date whereas China has spent ZERO at the same time on Wars

3- you do not have a Gargantuan Military given that China has Military budget that is almost 1/10th of US Military budget, and most importantly what Military budget China has are ALL spent inside China given the FACT that China has ZERO bases outside China vs US having Military bases in astonishing 128+ countries

By Guest:   Bruce 2011-11-01

Do you really want to live like they do? There are no protections for workers, there are no protections for citizens regarding polution etc etc etc. The main reason they have such huge surpluses is cheap labor and virtually zero regulation for business practices.
Personal liberty is virtually non-existent....only one child allowed, and often if that one child is a female, it is aborted and another attempt is made for a male child.
As China moves into the 21st century, they will have to provide protections for workers, will have to regulate polution controls and will move towards the American model. In many ways, this is unfortunate, since corruption will no doubt also increase.
We could help ourselves tremendously by eliminating the ability of large business to influence congress and govt in general.
I dont see this happening for the simple reason that (in the legislator's eyes) this would be killing the goose that lays the golden eggs (for them).
I agree with the above statement regarding wars...I really wish we would "save" them for absolute need.

By Guest:   repub_man 2011-07-14

Since you love the communist Chinese government so much, why not just move there?

By Member: ThinkDeep 2011-07-14

You freaking moron are you not able to read or obtain facts on your own. For
you said:
"Since you love the communist chinese government so much, why not just move there?"

But the FACT is as stated in this article, it is the Republican party, that is Wall Street gang and the Big corporations, aka Big Monmey & Rich that control the Republican party, that LOVES China as a result of which:
"They have invested Trillions of Dollars and thus moved 10s of Millions of Jobs from US to China"

That is the WHOLE point of the post, that is While the Republican bosses LOVE China as per having moved "10s of Millions of Jobs from US to China" they sold American people this amazing LIE from that buffoon Reagan onward to now that:
"Government is the problem not the solution..."

While China is the Ultimate example of BIG Government as per the FACT that China is a Communist/Capitalist country where they operate most TOP Banks and Energy companies, etc. on Nationalized basis beside health care, etc.

By Member: ThinkDeep 2011-07-01

In his speech before the American Society of Newspaper Editors on April 16, 1953,
President Dwight D. Eisenhower said:

“Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists­, the hopes of its children. This is not a way of life at all in any true sense. Under the cloud of threatenin­g war, it is humanity hanging from a cross of iron.?

China spent 1.5 billion dollars constructe­d the world’s longest cross-sea bridge and an undersea tunnel linking three cities-Qin­gdao, Huangdao and Hongdao to improve area transporta­tion and to promote economic developmen­ts.

US spent 4 trillion dollars to fight two wars of choice, laid waste to these impoverish­ed countries, left 225,000 dead, both civilians and soldiers. At the same time, bankrupted our economy.

JMorr Work At Home Opportunities
100s of work at home jobs and opportunities that will appeal to both men and women of all ages. Work part or full time.
http://www.jmorrworkathom
Live coral to is offered to reef tank owners
Reef Corals grows live coral and frags for reef tank owners. We have Zoanthids, acropora, montipora, stylophora, etc.
http://www.reefcorals.com
Your Spiced Up Marsh
Celebrity articles, moose facts, articles of interest and more. Diet and weight loss information coming soon.
http://www.moosegal.com
Free Chat on Sassy Chat
Sassy chat is a free live community chat and is for entertainment purpose only. You can use Sassy chat on your computer,
https://sassy.chat
© 2010 - 2016: The Real News Post - All rights reserved

Site Design & Hosting By: immersite.net