Be the first to like this
With China owning 27% and Japan 20% of our US treasuries we need to address our deficit. Think of the US as a customer that is getting loans from many different banks(from around the world). Japan and China are our biggest lenders. There are different statistics out there but the one that troubles me the most is the fact that from every $1 we earn we are spending about $1.20. We are spending money that we don\'t have. Thats not a good idea. We need to change this around. Job creation and growth of our GDP is key in getting us back on our feet.