Why did the US indebt themselves to China?

Answer 1

It's called Treasury Bonds baby, and anyone can buy them. The question is, how do you pay back the debt and politely ask them to refrain from future purchases. Answer, you cannot.

Ask any American if they would rather pay higher taxes to unburden the U.S., and they would say BS!!! If Congress could be trusted to not spend such monies, then citizens might be more receptive. But, like Social Security (and the thievery occuring there) no way would politicians keep their grubby little pork barrel hands off of it. Thank the dirt bag spenders in Washington.

Answer 2

The payment for political pandering.

Congress has an insatiable appetite for our tax money and after all of that is exhausted, they whip out the good old credit (Treasuries) which China, Japan, the U.K. and others are more than glad to purchase. Our interest payments will eat ever more of our budget as rates rise. Politicians creating this massive debt will be gone when the bills come due and really don't care about how all of this debt will be paid.

Between Medicare, Medicaid, Social Security, and debt servicing, we will be headed down the road to financial insolvency as we plow through the baby boomer retirement years.

Answer 3

Well if China taskes over control of the United States you better learn that they will be your policeman as to what the United States will be allowed to do. Yes the big and once mighty United States will become just another story to talk about. Like other countries in the past that thought they could rule the world they will fall.

Answer 4

THEY WILL NOT PAY U A LIVING WAGE, AND ARE GOING AROUND U NOW TO FILL EVERYTHING THAT HAS A NEED WITH PEOPLE WHO WILL DO JOBS OTHER AMERICANS DON'T KNOW THEY DON'T HAVE OR WANT KINDA LIKE WHERE LATE TO A FUNERAL OF ALL BUT BUT THE INTERNET, AND FOR REVENGE THE CORPORATIONS HAVE BURIED US IN OUR OWN WANTS FOR WHAT THEY HAVE AND THEY HAVE IT All and they have it now, china as just As MANY MILLIONAIRES PER THOUSAND POPULATION OR MORE THAN WE DO, THEY COULD BE IN DEBT TO OTHER AMERICANS AND THAT WOULD CAUSE TRI-POLAR AND CEO JUMPING OUT OF THEIR MISTRESSES PENT HOUSES, (LOL) THEY DON'T SCARE, BUT THEY CAN'T AFFORD TO PAY U SO WE ARE GOING TO PAY LESS AND GET IT FROM THEM, AND WE OWE MORE THAN JUST CHINA, THE DEBT METER THEY USE TO PUT ON TV ONCE IN WHILE REALLY DOES SPIN WHEN THE NUMBERS WON'T CRUNCH AND THE INTEREST IS ADDED TO REFORMULATE THE HAND OF BIN LADEN TRYING TO ROCK THE CRADLE OF OUR PRESENT CONDITION, MERRY CHRISTMAS TO BIG BROTHER OUT THERE ON A PILE OF DEBT HIGH ENOUGH TO SEE CHINA ON A CLEAR DAY

Answer 5

Because the policies of this administration were more important to the President, Senate, and the House.

Give the rich tax breaks - applause -

Give big business tax breaks/keep record earnings - Applause -

Start a War worth trillions to defense contractors - APPLAUSE -

Borrow Trillions to pay for defective policies - Silence -

No worry we won't have to pay for it our children and Grand

children and Great grand children etc. will.

Someone should be crying for what they have done or better yet FIRED!!!

Answer 6

That is the million dollar question. But they screwed us royally.

Further, China WILL invade us. I have a friend who's friend was sitting on a plane coming back from China and the man whipped out a map and said these are the places they have missiles pointing at us.

They will invade us on the West Coast. BAD.........They ARE the enemy. So is Russia for that matter.

Answer 7

Because america people will not but US bond because the return in to low. People would prefer to invest in mutual fund instead of their country If the Fed raised interest rate then people would buy bond, but the stock market will suffer.

Answer 8

Because the politicians are too cowardly to raise taxes when they exponentially increase spending. They just put us and future generations in debt.

By the way, if you want to read something shocking, research the "federal debt ceiling" and how many times it has been raised in the past six years.

Answer 9

Because China are more than happy to buy bonds, and we would rather sell bonds than raise taxes.

Answer 10

this is just a more polite way to tell you that you better start learning chinese