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Originally Posted by Hardknock
Republicans?? Budget?? Can you say that in the same sentence???
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Where does he say Republicans and budget in the same sentence? *confused*
Partisan sniping aside, does anyone know how foreign holdings of US currency affect our debt "crisis"? For example, China & Japan hold a lot, I mean alot (I don't have an exact figure handy) of US currency.
While on the surface this may seem scary, I always felt that it wouldn't be in their interest to let US $ fall (too much) cause then they would be screwed to. Sort of like a mutual interdependency. Would it be similar to the T-bills situation? How does it affect or does it affect our debt?