won t buy more treasury notes and bonds to keep us going they ll be spending all they can to keep their own country going, as they should. i want you to think about that for a second. japan out of our market. japan out of our treasury notes and bonds. japan out of our bills. japan out period. now we have to pass the hat to others we hope will pick up the slack. keep hoping. china isn t actually falling on all economic cylinders. ref cent data suggests it s slowing down. a big private buyer, bill gross is not buying. in fact, bill company is bolting. pulling out of all u.s. treasurys. it s like overnight we have become a big deadbeat pariah with no rich relatives to help us out. here is my real worry. we don t seem to care about that. we keep spending and dithering over spending $4 or $6 billion when it might be wiser or urgent to cut $600 billion. but we don t and we can t. because we re stupid and