So, we sell our debt to China and other places.
We just put out a want-ad in "International Debtors Weekly," and say "Looking to borrow $1 Trillion this week. Any takers?"
China then comes over with a suitcase full of RMB, and we sit down and trade promisory notes for money.
Where does China (or other countries) get the suitcase full of money we get from them?
Is our debt, borrowed on the backs of debt? Does China owe someone that $1 Trillion, also? And to whom would that country be indebted, in turn? Are George Soros, Dr. Evil and Cobra Commander behind all of this, with their volcano lairs and international hedge funds?
Or does China just have disgusting amounts of extra revenue laying around, just waiting to use it as a weapon against our economy and our growing dependency on welfare infrastructure?