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Comment Re:more reasons for a US-China split (Score 1) 515

If the Chinese sold THAT much of our debt at a huge discount, the US government would do well to just buy it back up. If you did some tax hikes and spending cuts to raise revenue the US could make out quite well. After all - the Chinese gave the US $x years ago, and then today the US is free of obligation by giving them $x/10. Even if we paid them back $x we'd still make out on time-value-of-money.

The only thing that it hurts is the ability to issue new debt at low rates - at least until the Chinese run out of bonds to sell.

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