[capitalist229]

Our debt to GDP ratio is almost 7%.

If the world wants to continue lending us money, why should we care ?

Do you think that they can come to claim our assets ? We wouldn't even let China buy Occidental !

The worst case is a declining standard of living and bankruptcy for those who are in over their heads.

BUMP

[Paul Ross]

Our debt to GDP ratio is almost 7%. If the world wants to continue lending us money, why should we care ?

Because it is a serious problem. Not lightly waved away, despite facile assertions to the contrary.

"I place economy among the first and most important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt."

-Thomas Jefferson

Do you think that they can come to claim our assets ?

China already "claimed" the Asset of Magnequench and relocated it to Tianjin, lock stock and barrell...all four plants, history.

We wouldn't even let China buy Occidental !

Just barely averted, the Administration was all geared up to defend this with its CFIUS Committee (you know, the Treasury-Dept. dominated schills who only worry about expediency and balancing the books: "National Security? How do you enter those into our books? You can't? Good, then we can ignore it....).