Borrowing money from China and putting the bill on the youth of American is wrong. Giving that money to fat Americans for free food is wrong. It ain't health for either group.Food stamp benefits are dropping; use our database to see the impact in your county | MLive.com:
"On average, a family of four with no income will likely see their benefits decrease by about $36 a month, according to the state"
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China stopped buying our bonds a few years ago. Do you know who does buy our bonds and thus fund our government? Social Security!
China is still buying US government debt-
9-17-2013-WSJ
China’s purchases are the latest sign the country isn’t stepping away from funding the U.S. even as prices on Treasurys and mortgage debt fell sharply this summer, sending yields higher and diluting the value of investors’ fixed-income holdings, said analysts. China was a net buyer of Treasury notes and bonds in May and June when many other investors cut back their holdings during the Spring swoon.
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