Investors’ Thirst for U.S. Government Debt Yet To Be Quenched
June 25, 2009 at 15:29 PM EDT
We have been hearing warnings for years. Just wait until China stops buying our debt… the borrow and spend cycle in the U.S. will come to a grinding halt. Since the Obama Administration has already spent about $1.4 trillion (~$800 billion on stimulus and ~$600 billion on a down payment for healthcare reform), these calls [...]