No. It is both.
We are in hock to China. We have exported a majority of what used to be our exports - now they are imports.
That is a huge change. Exports were income. Imports are a drain on our income. A huge drain on our income. Now we do not have any income, we only spend.
We are going the wrong way.
For concessions on Obama pulling out of our Polish Ballistic Missille Defense agreement....we get the Russians stating they will build a Naval Base in Cuba.
Now China tells us to STFU.
Obama is worse than Jimmy Carter.
...and just as an aside...sure Chinese girl swimmers of 16 can out-swim elite men swimmers in legs of an Olympic swim meet. Go F yourself China.