Which we could buy ourselves, if we had the money.
I will say we are well off to have other countries buy our debt.
“I will say we are well off to have other countries buy our debt.”
And most of that money that they give back when they buy treasuries goes to pay benefits for our people that don’t work. (Welfare, food stamps, housing, medical, etc)
So to summarize, we can boil down the deal we have with the chinese as follows... Chinese people work to allow many of our people to not work and they also provide our non-working people with enough benefits to live better than the chinese that are working! On top of that we get lots of inexpensive products.
Sounds like a great deal . It’s like having the cake and eating it too. What am I missing?