"Eisboch" wrote in message
...

"Canuck57" wrote in message
...

Chinese are tightening their credit. I thinks Obama's problems just got
worse. Especially if China wants some of that maturing US debt paid off.


What happens if the USA just says, "No"?

Just curious.

Eisboch


Excellent question, actually. That's China's worst nightmare. With all the
hysteria about our "debt," you have to remember that they're making a profit
by us serving the debt. The last thing they want is for us to not make the
payment. They'd be in much worse shape if we defaulted. They know this. They
have no intention of cutting us off from the money supply, as long as make a
good-faith effort to get our fiscal house in order. We're certainly working
toward that now, as opposed to what the previous admininstration did.

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Nom=de=Plume