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Originally Posted by chelsea24
I wholeheartedly agree. Just hope invading Iran is not his last hurrah. Can some of you Repubs explain how we ended up owing China between 600 Billion and a Trillion dollars?
And please quite putting 9/11 and Iraq in the same sentence. One had nothing to do with the other.
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The first - the balance of payments is way in China's advantage (we like cheap goods, and they make them), and they have reinvested much of that imbalance into treasury notes.
The second - I respectfully disagree, and that debate may take a 6-pack or two.