The country's soaring deficits are making Chinese and other foreign buyers of U.S. debt nervous, which could make them reluctant lenders down the road. It could force the Treasury Department to pay higher interest rates to make U.S. debt attractive longer-term.

"These are mind boggling numbers," said Sung Won Sohn, an economist at the Smith School of Business at California State University. "Our foreign investors from China and elsewhere are starting to have concerns about not only the value of the dollar but how safe their investments will be in the long run."


Fox News

How about that Stimulus Bill?

Obama will quadruple the US budget deficit his first year in office.

And, he wants to spend trillions more for his Obamacare program.

Related... Rep. Mike Pence said today that the Stimulus Bill is not working.

Yeah, we know.

Posted by Gateway Pundit

Thanks, Obama.