and what kind of postion this puts us in
2007-02-01 07:37:02 · 7 answers · asked by Anonymous in Politics & Government ➔ Other - Politics & Government
I think it's a disgrace that this administration has turned a budget surplus into a record deficit, forcing us to borrow money from a communist country, thereby supporting communism.
2007-02-01 07:55:51 · answer #1 · answered by Kwan Kong 5 · 1⤊ 0⤋
Well, currently, it's not as terrible as you might think.
China could never call in the US' debt, because the US is China's largest trade partner.
If China called in the US' debt, the Chinese economy would collapse.
What we need to be careful of is when China and the US stop doing trade.
Hope this helps.
2007-02-01 07:41:19 · answer #2 · answered by theearlybirdy 4 · 0⤊ 1⤋
they dont borrow it from china they borrow it from the world bank then the world banks sells the debt to china. if america spends more money then it earns it has to borrow. the world bank is also entitled to do what it needs to recoupe money.
2007-02-01 07:41:55 · answer #3 · answered by vibrance0404 3 · 0⤊ 0⤋
Why would we borrow money from China?? That makes no sense to me.
2007-02-01 07:40:53 · answer #4 · answered by TexasRose 6 · 0⤊ 2⤋
I think it's a really bad idea. I feel it makes us look bad because we're borrowing from a country that would most preferably see us obliterated.
2007-02-01 09:26:26 · answer #5 · answered by chole_24 5 · 0⤊ 1⤋
what's the big problem with China buying government bonds from us? that actually makes them beholden to us because we owe them money. don't hut the man who owes you money, right?
2007-02-01 07:41:11 · answer #6 · answered by kapute2 5 · 0⤊ 1⤋
I really don't care about the Us. Its run by a bunch of dickheads.
2007-02-01 07:40:12 · answer #7 · answered by Anonymous · 2⤊ 1⤋