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True, but we recently had a big bond sale the other day (I forget the exact day but somewhat recently, like in the month or two month span) and we still managed to find buyers. China not buying our debt is not the end of the world. While I am not advocating spending tons of money in the manner we are, I do not necessarily think that the sky is yet falling because of it. Perhaps, time will tell. If it does happen, it is the end of US hegemony.
True, but we recently had a big bond sale the other day (I forget the exact day but somewhat recently, like in the month or two month span) and we still managed to find buyers. China not buying our debt is not the end of the world. While I am not advocating spending tons of money in the manner we are, I do not necessarily think that the sky is yet falling because of it.
Perhaps, time will tell. If it does happen, it is the end of US hegemony.