We took our national ‘nuts’ and placed them in China’s hands. Now China is banding with other nations to squeeze.
Well, I told folks so... here we are.
Being a debtor nation comes with risks. If foreign concerns stop buying our treasuries, good luck...
When I worried about the massive increases in the Federal Debt while Bush was President, and our increasing reliance on The Peoples Republic of China to provide financing, the response was "“If you owe the bank millions, then you have a problem. If you owe the bank trillions, then the bank has a problem.”
At least (with the election of a Democrat President) Freepers are concerned about our massive deficit spending and borrowing.