KSengineer

A Historical Perspective on U.S. Debt Growth

"However as long as the Chinese and other friendly governments are willing to “pay the piper” we are in good shape."

If the Chinese (or anyone else for that matter) are expected to continue financing the debt, doesn't that imply a continued, large current account imbalance? Enough to offset the increase in treasury borrowing. Otherwise, where will the foreigners get the dollars to fund our ever increasing debt?

I'm not an economist, perhaps there are other ways. But if not, isn't that just more of the same thing that got us where we are today, overextended on credit?