Here's what's happened in the past 10 years. Republicans, in the 6 years they controlled congress (and, therefore, spending and debt), created $3 Trillion of new national debt. Democrats, not to be outdone, created nearly twice as much new debt in 2/3 as much time.
The Chinese own most of our $14 Trillion of debt. What can they do with the leverage that provides them? Whatever they want and we can't stop them.
Check out this sobering ad:
http://www.theatlantic.com/politics/archive/2010/10/the-phenomenal-chinese-professor-ad/64982/
It IS as potentially bad as it sounds. Scary enough for you? Scary enough to insist your representatives in the House and Senate at the national and state levels to DO something about it ... FAST?
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