USA residents: what are your thoughts?

Question

Our national debt is the highest it has ever been. What are we going to do about China? They practically own us. That is why we have to constanly buy all thier crap. What should be done about this?

Answer 1

Our national debt as percentage of GDP (per capita) is smaller now than it has been in decades, so all this nonsense about our national debt is getting out of hand is trivial and media drivel. It is in fact much smaller when adjusted for inflation than in decades past.
China will lose much of our business due to their negligence in oversight of quality recently. It benefits our society to buy cheaper, because in turn it can be re-sold cheaper to US consumers and keep inflation in check.

Answer 2

Who makes decisions about a national debt? we were overlooked when we offered our answers , we work with a much smaller budget than those up in the higher spending brackets. Why would anyone up there want an answer from down here? Up there has always made those decisions regardless and anything said toward the question would be a waste of breath and labor. Ask congress and the president. It is their world, they only give us the clouds, storms, floods, earthquakes and an occasional ray of sunlight for their workers.

Answer 3

They don't own us. We have a choice here no one in China does and if China owned us we wouldn't have a choice. I don't buy Chinese products. I do by some Vietnamese and a lot of Japanese products, but hey they are our friends.

I know a business man who buys Chinese Products and retags them as made in Mexico and then falsifies NAFTA Documents to get an importing tax break, I think China might own him and other people like him.

I think on the whole there are more American's like me who fight these kind of people, than those who are "owned by the Chinese"

Besides it is actually good to see a Communist country be such Capitolists. lol

Besides our National Debt is also really high because we financially prop up a lot of countries like France, Germany, Italy, Greece, Mexico, Pakistan, Afghanistan, Iraq, Ethiopia etc, etc. we can't afford not to. We can't have these countries fall into chaos it would really mess up the world economy. Some of this is a hang over from the Marshall Plan, some of the listed countries never recovered from WW2 and are not likely ever going to. Some like France and Greece will always spend more on services than it brings in income. France actually recovered from WW@ only to go completely bancrupt in 1958, we paid all their debts and got them solvent again but have been aiding them since.

Answer 4

You question is contrary to what your saying. Why would you think the "Chinese own us" where do you get your information from.

In the first place this freedom of tarrif our great president has put through is killing the smaller business people in order to get other countries to trade with us.

IE: A bag of a certain fertilizer was selling for about a $1.50 after making, shipping and selling, after the free trade and letting the Canadians move in without a fee or embargo, they started to undersell us so bad this same bag of ferilizer went down to 10 cents a bag, then they had to pay to get rid of it. The company is now closed, 135 people are out of work.

This is what's happening to our trade goods, not the Chinese but, the entire world has move in. Our factories are closing down or moving due to this.
Instead of making them come in at a fair price and mark thier goods to match ours, our Government made our people mark our prices down to match thiers.
How can we compare with them when they have ten years old girls pracally chained to sewing machines, we still pay for the product and buy it. Even though they tell us young boys and girls are being used for slave labor, Wal-Mart is a good example of this, they buy from these places and move there consumer goods in at lower prices and we still buy them, while American goods are sitting on the shelves. to lower them would be taking the money out of your pocket, would you be willing to take a cut in wages to compete with them? I think not, this is the problem, a big one.

A big auto place near Detroit just lowered the wages to fit the sales, down from $28.00 an hour to $14.00 an hour, this is devestating to the people that are living on those wges.

Answer 5

Let's see, who opened the door to China? Oh yeah, it was Richard Nixon. And, who turned the surplus into record debt? Oh yeah, it was George Bush. How will we ever pay off the loans from China? Oh yeah, our kids, their kids, their grand- kids, etc. How did we get so deeply into debt? Oh yeah, it's the cost of the war and "reconstruction" of Iraq.

Answer 6

stop buying chinese, and stick them with these worthless I owe you's.