The irony of China owning America is they really do not. Nearly 30% of international students studying in the USA are from the new millionaires class in China over 230,000 students in the USA in 2015. Where do they set up their stash pads overwhelmingly in USA and also western Canada.
America is strong. Our ability to project air power via Drone technology is strong to say the least - now also on Naval Ships - means your future sons will not have to fly through heavy flak WWII and North Korean style and the world's best and brightest come here to capitalize on their skills and inventiveness.
Read a decent Monetary Sovereignty or Modern Monetary Theory blog about how electronic money and payments drive the world today - Japan may have a funky economy but they still manufacture the highest quality stuff in the world with Korea a close second - China is not even close except for Foxconn basically a US Billionaires invention to make igadgets and MS video game boxes or HP printers... with near prison labor conditions.
What is "The Big Lie"
http://mythfighter.com/2015/06/01/finish...a-deficit/
http://mythfighter.com/2015/03/11/stepha...e-big-lie/
A “balanced budget” means the government removes as many dollars from the economy as it puts in, thereby assuring recession. (See: #3 and #4 here.)
A “sustainable” debt is one a debtor can pay off in a timely manner. But there is no debt, of any size, the federal government could not pay off. Every debt in dollars is sustainable to the U.S. federal government.
Not only does our Monetarily Sovereign government have the unlimited ability to create its sovereign dollars, but paying off the debt requires that virtually no new dollars be created.
The so-called federal “debt” really is nothing more than the total of T-security accounts at the Federal Reserve Bank. These accounts are much like savings accounts.
How does a bank “pay off” savings accounts? It simply debits the savings accounts and credits checking accounts. No new dollars needed.
So when MacGuineas whines about federal debt “sustainability,” she is mouthing the Big Lie.
MacGuineas said, “trillion dollar deficits are projected to come back within a decade.”
Translation: The government will pump a trillion dollars worth of stimulus into the economy, every year.
And this is a bad thing??
Ideally, MacGuineas said, the country would balance the budget over the business cycle.
Translation: This is ideal for the rich — you know, the people who pay her salary. Not so good for the poor and middle, but who cares about them? Right, Maya?
“This doesn’t mean we should balance the budget every year. In fact, it makes economic sense to borrow during recessions, and save during times of higher growth.
Here, MacGuineas admits (without realizing it) that deficits grow the economy.
That being the case, why would she not want the economy to grow every year. Answer: She is paid by rich people, not to want it.