It's not just the war we are using borrowed funds to pay for. We owe so much money we're screwed.

Sad, isnt it, they should be throwing eggs at China, they paid for it... Plus, the tax rebate thing, thats just an investment for China.... I agree!

And you, no doubt, have a reference to prove this statement.

misshell is absolutely correct. The US has been financing its economic growth by running up huge debts based on 'an inflow of capital to the tune of more than $2 billion a day. The budget deficit and consumer debts have been soaring. What you are seeing is a debt financed economy. The creditors are mainly East Asian and South East Asian banks. Even the war in Iraq is being funded by the Chinese and Japanese lending money to the US. .All told, the bill for the Iraq war is likely to top $3 trillion. And that's a conservative estimate. President Bush tried to sell the American people on the idea that we could have a war with little or no economic sacrifice. Even after the United States went to war, Bush and Congress cut taxes, especially on the rich -- even though the United States already had a massive deficit. So the war had to be funded by more borrowing. By the end of the Bush administration, the cost of the wars in Iraq and Afghanistan, plus the cumulative interest..., will have added about $1 trillion to the national debt. The long-term burden of paying for the conflicts will curtail the country's ability to tackle other urgent problems, no matter who wins the presidency in November. Our vast and growing indebtedness inevitably makes it harder to afford new health-care plans, make large-scale repairs to crumbling roads and bridges, or build better-equipped schools. Already, the escalating cost of the wars has crowded out spending on virtually all other discretionary federal programs... To make matters worse, the U.S. economy is facing a recession. But our ability to implement a truly effective economic-stimulus package is crimped by expenditures of close to $200 billion on the two wars this year alone and by a skyrocketing national debt. ...

Oh so they are the ah-so's profiting from the selling out of my children's future? Fab.

Yes and not including the rest of the government financing, the Chinese are financing the U.S. government in just about every facet of it's operation. If China at the moment pulls it's financing, then we are cooked and a deep depression will soon follow. Now ask ourselves do we really want national health care and have the U.S. goverment run it.

No, but it does provide an interesting commentary on how people create fictuous villains out of real-life entities in order to disguise the problems of their own society.

No, but it makes sense. Just remember, we let it happen and all the while our economists were telling us, "There is no better way." (Actually, given I'm not American I shouldn't say "we" but hey! I don't think it really matters in this instance.) Lemme get this straight: Our richest companies closed down their American factories - making millions of Americans poorer, so they could build factories in China and make even more profits, create a huge American deficit / Chinese surplus, thus creating the incentive to borrow from China ... ... plus they needed to build stuff cheaper because now everyone is poorer, they can't afford to buy at the old prices ... ... but we bought Chinese because it was cheaper thus cutting our own throats (okay, okay, we bought Chinese because that was all that was on the shelves. No one was selling anything else!) No, my head is slowly starting to spin. Someone else have a turn!