China getting ready to cash out?

Bloomberg news reported yesterday that our man in the treasury Tim Geithner was begging China not to liquidate a large portion of the $801.5 Billion dollars they own in U.S. Treasury bonds. ( http://www.bloomberg.com/apps/news?pid=washingtonstory&sid=aaVGe5smuZAU ) The U.S. Budget in it's entirety is roughly 3 Trillion dollars a year. So calling in that debt would pretty much chop a nice 1/3 out of that... I can see why Timmy is so set on keeping Chinese dollars in the United States. The problem is that China is moving in pro-business directions across it's economy. The average Chinese business seems to have much less red tape to cut through then comparable US companies.
Treasury Bond ownership is traditionally proportional to the amount of private sector money invested in an economy. Given, China can sometimes blur the line between Govt and Private funds (an entry for another date) but the way to keep Chinese money here is to boost our domestic companies. Treasury Bonds are investments in the governments ability to make money, but more then then that they ease the tax burden on all of us.
Obama is following in Bush's footsteps with all this "stimulus money". The Chinese are worried about the security of their 801 billion dollar investment.
Our current outstanding public debt in the United States is accelerating in growth, it recently topped 11.6 Trillion.
So the natural question is where is the stimulus money coming from? While many of my "dish out the government cash" friends have trite little social-obligation answers, (little to no economic answers to that particular cash flow problem), it's becoming obvious that our foreign investors are asking the same damn questions.

I'm not alone out here!

So it turns out that my good friend Martell Harris started an online radio show, which can be found at http://www.blogtalkradio.com/Martell-Harris
Everyone should give him at least a running listen because he knows what's going on. A little crazier then I am but in this day in age I'm coming to view that as the only appropriate response to what's going on.

You're going to see a lot more posts, and I'll be appearing on his show as often as he'll have me. It's just good to know that I'm not the only one of my friends out here trying to get things out.

New posts starting tomorrow! (But check back tonight in case I'm feeling extra motivated)