Impossible headlines for America (Part four): China Pays For Reconstruction Of New Orleans

The US likely accounted for something like $650-660 billion of the $690 billion total current account deficit run up by deficit countries (in 2004).
China's reserves end 2004 were up to $609.9 billion: close to 40% of China's GDP.
This year the U.S. deficit will top $800 billion (that was the estimate before Katrina).

The people in charge in America call themselves conservatives.