We'll Pay in the Usual Way--By Borrowing From China

From Chron.com and the Washington Post.

"At least we are not George Bush, so there."

They may not be George Bush, but they aren't going to be able to borrow from China--China became a net SELLER of our bonds back in June. Saudi Arabia and Japan together have moved into the #1 spot, and their buying amounts haven't been as big as China's was.

The #1 bond buyer will be US if Obama gets his Universal Savings accounts through Congress. But I'm wondering how we're supposed to buy bonds if we're busy paying for cap-and-trade's doubled energy bills, health care reform's sharply increased premiums, and every subsidy-slash-vote-buying project coming out of Washington...not to mention tax hikes at the state level.