He is trying to say that China has used our dollars to secure their energy future. Now the US is going to experience downgraded lifestyle expectations. Future US generations will not be better off than past generations because energy will cost more and they will have higher taxes to repay the debt.
Objectively speaking, that's the real goal of this administration. A much poorer, less powerful, less comfortable, less happy, less secure America.
they will have higher taxes to repay the debt
Hard to tax people who aren't employed.