Yep, looks like Iraq all over again. Or the Cold War. Maybe somebody like Joseph McCarthy will find some alleged "ChiCom sympathizers" to incarcerate.I agree - there is no reason to cancel US government debt to anyone - we win as long as they take our printed/created money.
I'm no economist but suspect if you cancel Chinese debt you're looking at loss of faith in the U.S. dollar. Its status as a reserve currency goes down the tubes, and interest rates go up. A lot of people aren't going to want to hold U.S. government debt. Why would they if the government's potentially going to cancel it? Originally Posted by Tiny
As for retribution to China, we should get the rest of the world to go along with us - lots of people hate them.
I would advocate Bill O'Reilly's idea to bring back US manufacturing.