Quote from W4rl0ck:
"As we have also reported, the $700 billion bailout legislation would provide billions to foreign central banks in addition to private foreign banks.
Given that the foreign folks are funding the ginormous US federal debt - and given that there is no balanced budget anywhere in sight - it would seem that helping out the foreign folks is a prudent thing to do. Going cold-turkey on the deficit would be an incredibly painful thing to do.
The part that troubles me is there does not seem to be a plan from either major party to address this vulnerability.