[DuncanWaring]

The only thing that could change this is when the money runs out, and the politicians are no longer able to pay for all of the goodies they promised. As long as China is buying our debt, that won't happen either.

For all intents and purposes, China quit buying our debt a couple of years ago.

Much of the modern deficit is financed by electronic money printing.

Whenever an economist or politician says "Quantitative Easing", what they really mean is "money printing".

[TwelveOfTwenty]

For all intents and purposes, China quit buying our debt a couple of years ago.

I didn't realize that. Good. Maybe the spending will stop sooner rather than later.

[nascarnation]

For all intents and purposes, China quit buying our debt a couple of years ago.

Yes why trouble ourselves with the effort of selling bonds when we can have Bernanke handle it "in house".