2007-08-14 02:56:15 · 17 answers · asked by Anonymous in Politics & Government ➔ Politics
Yes.
2007-08-14 02:59:57 · answer #1 · answered by Bon Mot 6 · 7⤊ 0⤋
When Reagan took the oath of office in 1980, we were the richest country in the world and also the biggest lending country in the world.
With all of the Republican cut backs, we are now the Biggest BORROWING country in the world, and are 16th in personal income.
Pitty, but the results of Reaganomics that have been followed for the past 27 years have not worked out well at all; the bill has come due.
But that's OK, we will just leave it to our children and grand children. Such a legacy.
2007-08-14 03:21:11 · answer #2 · answered by Mezmarelda 6 · 0⤊ 0⤋
Nope, but thats what the left wants you to believe.
In the last 6 months, Britian has been the largest foreign buyer of US Treasury Bonds.
But as usual, Americans buy more US Treasury Bonds than anyone else.
Most people who try and say that China is buying all the US Treasury bonds, cannot for some reason, tell you how many China owns.
Now if they don't know, how many China owns, just how can they tell you who'd buying them ?
2007-08-14 03:40:57 · answer #3 · answered by jeeper_peeper321 7 · 0⤊ 0⤋
Yes, I believe the entire cost of the war was borrowed from China.
2007-08-14 03:00:53 · answer #4 · answered by Pfo 7 · 5⤊ 0⤋
Yes, but it is not because China is a favorite creditor. It sells the Treasury in the bond market, and China is an active buyer.
2016-05-17 09:54:07 · answer #5 · answered by mariana 3 · 0⤊ 0⤋
Yep, that's pretty much how it's working. You can't spend a billion dollars a week while off shoring jobs (and tax base) and still keep your books balanced.
Funny how so many 'patriotic' Americans support this war but won't fight in it or pay taxes to cover the expenses.
2007-08-14 03:06:20 · answer #6 · answered by Fancy That 6 · 3⤊ 0⤋
Yes, we owe China billions of dollars. Though, we haven't directly asked them for money they are our primary lenders.
2007-08-14 04:07:06 · answer #7 · answered by cynical 6 · 0⤊ 0⤋
Yes. I know we're considered the wealthiest nation on earth, but even we don't have enough money on our own to fund this war. It costs billions of dollars per day.
2007-08-14 03:03:07 · answer #8 · answered by Bush Invented the Google 6 · 4⤊ 1⤋
We are in over our heads in debt to China.Think about it.If their was a surplus when Clinton left,and their is a deficit now.That money has to come from somewhere
2007-08-14 03:03:38 · answer #9 · answered by Anonymous · 4⤊ 0⤋
No, but we are buying so much of their garbage products the dollar is going there in 1000 lb sacks
2007-08-14 03:02:13 · answer #10 · answered by Anonymous · 0⤊ 1⤋