While watching Fox News, I was listening to Stuart Varney, the financial correspondent. He pointed that China now owns $797.1 billion of our debt. I find that very alarming. Do you realize that a communist country owns 23.35% of our debt?
With more and more jobs going overseas along with our money, it is very difficult to see us remaining as a super power. What has happened to our nation? I know that we have had public debt since the inception of the United States. However, we are spending more and more. Politicians continue to shovel our money into the furnace at an alarming rate. How can they say that taxes will not go up and that current levels of services will not suffer?
All I can say is that Congress uses smoke and mirrors to help with the disappearing act of our money and jobs.
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