Let's make a deal? The People's Republic of China (PRC) forgives all U.S. debt in return for a U.S. agreement to stop all military assistance, military equipment - military technology transfers to Taiwan and revoke the Taiwan Relations Act.
Wednesday, November 23, 2011 at 2:30 AM by Bill Baker, J.D.
Editor and Publisher, The San Bruno Beacon
Sometimes, we need to think outside of the proverbial box to solve complex problems.
There might be a relatively easy way to erase approximately 8% of the $15 trillion U.S. National Debt.
The People's Republic of China (PRC) currently holds about $1.2 trillion of U.S. debt. The PRC believes that there is only "One China" and Taiwan is an inalienable part of it. The PRC considers Taiwan to be a renegade province. Taiwan (the Republic of China) has refused to return to the PRC.
Taiwan, located off the coast of China, is a 13,902 square mile island inhabited by 23 million people. The PRC covers 3.7 million square miles and is inhabited by about 1.34 billion people. If Taiwan did not have U.S, military assistance, China's military machine could overrun Taiwan in a few days. Without U.S. military support, the likely scenario would be that Taiwan would negotiate an agreement to return to the PRC in order to avoid a war that would obliterate Taiwan.
On January 1, 1979, the United States changed its diplomatic recognition from Taipei to Beijing. In the U.S.-P.R.C. Joint Communique that announced the change, the United States recognized the Government of the People's Republic of China as the sole legal government of China and acknowledged the Chinese position that there is but one China and Taiwan is part of China. Following de-recognition, the United States terminated its Mutual Defense Treaty with Taiwan. However, the United States has continued the sale of appropriate defensive military equipment to Taiwan in accordance with the Taiwan Relations Act, which provides for such sales and which declares that peace and stability in the area are in U.S. interests. Sales of defensive military equipment are also consistent with the 1982 U.S.-P.R.C. Joint Communique.
On April 10, 1979, President Carter signed into law the Taiwan Relations Act (TRA), which created domestic legal authority for the conduct of unofficial relations with Taiwan. U.S. commercial, cultural, and other interaction with the people on Taiwan is facilitated through the American Institute in Taiwan (AIT), a private nonprofit corporation.
Because the United States has already recognized the PRC as the sole legal government of China and acknowledges that Taiwan is part of China, it is logical that the United States could facilitate the reunification of the PRC with its renegade province Taiwan by revoking the TRA, the Three Communiques of the TRA and stopping all transfers of U.S. military equipment and technology to Taiwan. This would motivate Taiwan to come to terms with the PRC so that Taiwan and the PRC could be reunited.
As consideration for expediting this "parent - child" reunification between the PRC and Taiwan, the PRC would forgive the $1.2 trillion debt that the U.S. owes to the PRC.
