Originally posted by Doc32[..]
Ya but it's not exactly like they can come over here and collect on their debt. Once we're rid of Obama and we get some responsible spending We'll be fine. Operating a national deficit isn't a concern as long as it is a reasonable one. America has successfully functioned with a national deficit for over a hundred years
China doesnt want a bankrupt USA. China has a huge amount of dollars in stock, to keep the yen low, if the USA gets in to problems the dollar will be less worth, making the yen relatively more expensive which makes Chinese goods unattractive on the US market.