https://www.bbc.com/news/world-us-canada-50246324
"The US House of Representatives has passed a resolution to formally proceed with the impeachment inquiry against President Donald Trump.
The measure details how the inquiry will move into a more public phase. It was not a vote on whether the president should be removed from office.
This was the first test of support in the Democratic-controlled House for the impeachment process.
The White House condemned the vote, which passed along party lines.
Only two Democrats - representing districts that Mr Trump won handily in 2016 - voted against the resolution, along with all Republicans, for a total count of 232 in favour and 196 against."
(Score: 3, Insightful) by Runaway1956 on Friday November 01 2019, @04:34PM (3 children)
Actually - I think the US may well be on the road to collapse. Consider all the money we borrow from China. Then, consider all the money we give away in various forms of bribes - errrr, I meant "aid". So, we dig ourselves ever deeper into debt, for the purpose of bribing other foreign nations to do what we want them to do. Call it empire, or oligarchy, or whatever, this is a surefire method of bankruptcy. To quote a boss I once worked for, "We do a lot of stupid shit around here."
Abortion is the number one killed of children in the United States.
(Score: 0) by Anonymous Coward on Friday November 01 2019, @05:32PM (2 children)
So what if China is buying our debt. They only get paper that says we'll try to pay them interest. They can't repossess the Capitol.
(Score: 2) by c0lo on Saturday November 02 2019, @03:22AM (1 child)
Until they get to the point they see US trade skirmishes are more damaging than a true economic war. At that moment, they trash the US credit rating by selling the debt for cents on the dollar and nobody buys US debt for some good years. You reckon US-as-you-know-it survives such a scenario?
https://www.youtube.com/watch?v=aoFiw2jMy-0
(Score: 0) by Anonymous Coward on Saturday November 02 2019, @03:51AM
The US can comfortably ignore the secondary market. If our general state remains strong, why would the Chinese hurt themselves by trying to fire-sale our bonds? If we are weak, we'll have a harder time selling new debt anyway.