Ol’ Fred is wrong on most of his pints though. Our Debt to GDP: 100% and holding...yes holding, as our economy is expanding roughly as fast as our debt. China’s is 240% or so and growing, though ALL of their data is suspect. They do not use generally accepted accounting practices. Our economy is now doing better than any time since the ‘60’s, and in some cases ever, and getting better. Theirs is doing the worst since the ‘70’s. Thanks to LESS government restrictions and regulations we not only have an economy that is the envy of the world and the most competitive place in the world to manufacture, we are now energy independent. China’s answer to their growing problems and inefficiencies of their state owned businesses is MORE government control. To say the Chinese are more intelligent than Americans is not just unsupported, it’s racist.
https://www.census.gov/foreign-trade/balance/c5700.html
Maybe.
Except look at the website above. (US Census.gov)
According to the website’s page on China, America just set the all-time world trade deficit record, with China. Biggest and worst, in world history.
Just something to consider.