You should SEE all those Chinese houses made out of American Dollars. Green huts. Everywhere!
And Chinese peasants LOVE to heat their homes and cook their meals by burning good ol' American Greenbacks.
US net debtor gap grew to record $2.387 Trillion in '02
Foreign nations use the cash obtained from our Trade Defict to purchase U.S. Treasury bills issued to finance our budget deficit and National Debt.
For FY 2002, interest paid on the National Debt was $332 billion, or roughly 18% of federal revenue for that year.
"Think what you do when you run into debt;
you give another power over your liberty."-- Benjamin Franklin (1706 - 1790)