Chicago Trib has some thoughts on our exploding debt, here.
I don't like it, I hate it- I think the fact that other countries are buying up our debt opens us up to the worst kind of economic warfare imaginable down the road. Sure, it may benefit China to maintain the status quo, because they're making money- but what if their economy takes a shit and they call in the money we owe them? What then? Can we pay it back? Can we even come close?
Something needs to be done about this- we can't keep spending like a drunk sorority girl out for a fresh pair of Jimmy Choos.
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