In the news, Forclosure notice

     In the news, It was learned today that the Bush Administration has used the states of Alabama and Mississippi as collateral for loans it has received from China and China is forclosing because the administration has been late on its payments.

    As of April first China will take control of the two states if full payment is not made. Chinese authorities stated that it plans to make the two states into a huge manufacturing center where it will produce every thing from egg rolls to autos and will require the citizens of these two states to work for fifty cents an hour, sixteen hours a day, seven days a week.

    A spokesperson for the state of Alabama, Mr Billy Bob Swartz stated, We'll take this to the supreme court. The Administration had no right to use our states as collateral.

   The Bush administration stated that they had to come up with some quick cash to start the war with Iraq and this was the best way to do it. They stated that according to the war powers act the president had the authority to make the deal. They stated that they plan to borrow money from the social security system to pay off the loan and avoid the forclosure.

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