NRN - Must Reads for July 13, 2010

Americans for Limited Government President Bill Wilson's quote of the day from The China Problem: "China is prepared for any downturn. Are we? No. We're not. While the threat of a U.S. credit downgrade looms as soon as 2018 and the economy teeters, the White House Office of Management and Budget projects the U.S. will incur $10.6 trillion in new debt (likely) amid robust growth for the next ten years (unlikely)."