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To: Leaning Right
The Washington Post, citing two people with knowledge of internal discussions, reported on Thursday that some officials had discussed the idea of canceling some of the massive U.S. debt held by China as a way to strike at Beijing for perceived shortfalls in its candidness on the COVID-19 pandemic.

That's one way of making sure nobody buys U.S. debt anymore. Then how do you finance the deficit?

8 posted on 05/01/2020 10:34:23 AM PDT by DoodleDawg
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To: DoodleDawg

> That’s one way of making sure nobody buys U.S. debt anymore. <

I actually think seizing the US debt held by China is a good idea. We can’t let Red China get away with what they have done.

But there is a danger in doing that, as you have noted. Perhaps the Chinese-held debt can just be frozen for now, not cancelled. Then take the case before the World Court. Other nations could join the suit as well.

Make it all nice and legal.


9 posted on 05/01/2020 10:41:03 AM PDT by Leaning Right (I have already previewed or do not wish to preview this composition.)
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To: DoodleDawg
That's one way of making sure nobody buys U.S. debt anymore.

Unless the debt buyer was going to coverup a pandemic, causing 70K people to die, 30 million jobless and trillions in damages, why would they not want to buy the debt??

19 posted on 05/01/2020 11:15:53 AM PDT by FreeReign
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