“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?
Our unemployed people are productive and they turn to a life of crime or welfare, or both. We instead make these people, and all others, choose to only buy Chinese-made goods because they are the cheapest, further putting more Americans out of work and causing more products to be purchased from China, further increasing welfare and crime, causing more people to only buy Chinese-made goods because they are the cheapest, further increasing welfare and crime...
I think you get it, now.
Now, if we could at least ban welfare and criminals from purchasing non-US-made goods (like food stamps once couldn't be used on soda pop), then at least welfare recipients and criminals couldn't directly help support the destructive cycle.