[esupin]

China has bought a huge amount of war bonds, so they've literally funded a large part of the Iraq War and the US's other middle eastern conflicts. I'm not too worried about the national debt because it doesn't work the same way that it does with individuals. Technically, the US can be fine never fully paying back their debts. However, I still think that the US is being irresponsible with its money. Not good.

Also, I'm worried more about relations with Russia than debt with China. We're shoving NATO bases and missile defense systems closer and closer to them, and Bush seems to think we have some sort of right because we "won" the Cold War (which we didn't - when Bush Sr. and Gorbachev agreed to end it, they both agreed that there would be no winner announced). I mean, it's like Russia putting missiles in Cuba, Canada, and Mexico. We'd go nuts in the US.