The largest foreign holder of U.S. treasuries responds to the S&P downgrading by calling for decreases in US military outlays and social spending. (from the LA Times' alert; I actually loved that they said this, and that they specifically mentioned our military outlays, because that wouldn't kill two of their birds with one stone. How about…China stop arresting the human rights of its people, and we'll start to listen to their fiscal advice. Perhaps that's just me.)
1. Los Angeles Times
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