Quote Originally Posted by Total_Blender
Note that I said administration. Its the combination of Bush, his cabinet, congress, etc.

What the article also fails to consider is that every American taxpayer is responsible for a share of the trillion dollar deficit that we will eventually have to repay the Chinese.

yes, we borrow money from the chinese, but we will never have to pay the chinese back(or be able to), if you have natgeo, there was a special series that one of my economics teacher was on....basically with out us borrowing money and GOODS from china, the country will fail....it would take a very, very long time if we decide, and save enough money, to pay back china.