[Principled]

We knew it was gonna happen.

[al baby]

So will we see dow 4500 in the morning ?

[Cringing Negativism Network]

Cancel Chinese imports.

Bring the jobs back home.

[pnh102]

China is simply doing what any other creditor would do when they see that a borrower is maxed out.

But fear not! We will simply print all of the money that we need!

[silverleaf]

I don’t think the Chinese cancelled the credit card yet, but they cut the line of credit and probably raised the fees and charges for using it

Apparently Hillary’s diplomatic overtures to China went about as well as every other program she’s tried to manage

[HangnJudge]

Ruh Roh

[Cheetahcat]

Good! we should not be there anyway, Thanks Bent Bill and GW!!

[demsux]

If you’ve been following our “bizzaro” market...you’ll know that bad news makes the market go up

[Arkinsaw]

I don't blame them for it. They would be suckers to keep buying our debt when they already have nearly a trillion and we show no signs of pushing ourselves away from the trough.

That means of course that our government is subsisting right now on the ability of the Federal Reserve to buy green ink.

[Gritty]

John Maynard Keynes always inisted government debt is no big problem because "we owe it to ourselves"!

I guess we are going to find out, good and hard...

[4Speed]

Correction, that is Obama’s Credit card being Cancelled.

Americans do NOT want to spend Trillions on Building a Bigger Nanny Government....A Obama Government that uses “Flu” to Scare Americans, and a Government that uses “Scare force One” to fly around New York scaring New Yorkers, and wants a 3.5 Trillion dollar Deficit on Credit.

Americans would cancel that Credit Card if our Representatives would ask.....Thanks, China.

[WellyP]

In short: FUBO!

[RWB Patriot]

Hey Obama, reality is knocking.

[KoRn]

This should be interesting.

The Congress can’t possibly raise taxes enough to pay for their spending without virtually destroying the country. Grab your popcorn, sit back, and see what the socialist liberals do.

[Dallas59]

Why the hell did we let this happen in the first place??????

[dangerdoc]

This is actually good news.

We have a Chicago thug politician backed with super majorities in the house and senate. They own most of the judiciary and the public has no idea how bad things will get.

Now it’s China that can’t afford to let us fail and is dependent on our capitalistic free market.

It’s ironic that China has to step in like father to tell the kid, he’s not being responsible and don’t expect dad to pick up the tab if you want to do something stupid.

Well we as a nation are about to go on a drunken spending spree, if China can do something about it, then God bless them.

[popdonnelly]

Racking up all this debt has made us a second-rate power. We simply owe to much money and are losing control of our political and economic destiny.

[cgbg]

China is actually buying _less_ of our debt, not zero.

The _big_ story is that China is buying short term debt while the Treasury is forced to eat long term debt.

That means China can get out anytime they want and leave US holding the bag.

At some point they will quarantine US dollars as decisively as flu-carrying Mexicans.

Who can blame them?

(The problem for China is that we are their best customer so it is in their interest to keep this shell game continuing as long as possible with us taking all the long term risk.)

[Little Ray]

Good for them. Now lets cut off our imports from them.

[Partisan Gunslinger]

Obama’s borrowing a trillion a month.

It’s fun to spend borrowed money but eventually you have to pay the interest on it and we won’t have the money. It looks to me we’re going print money as our interest compounds until the system collapses.

And then what do the countries that are holding our debt do when we can’t make our interest payments?

It’s intersting the bible says that an army of 200,000,000 will attack “Israel” for cattle and goods. If Israel is “Israel” why would an army of 200,000,000 attack a country of 4 million for their goods? I don’t think Israel is “Israel”...it’s looking more and more like “Israel” is us.