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Quote by: Sasha Finally if your worried about China Buying your debt, well why did you get the debt in the first place, and if its such a security risk, dont sell it to them. |
How do you think we are able to spend more money than we have? The deficits are being covered mainly by the treasury notes we sell to other countries, promising to pay them back plus interest. Interest payments are the third largest expense in the federal budget. Basically, there are three ways to get a handle on our national debt - sell treasury notes (thus pushing the debt onto future generations), print more money to pay our bills with (inflationary), or get the federal government to stop spending more money than it takes in.
Which do you think politicians pandering for votes will choose?