Was there any doubt? And, unfortunately, we can’t pin all the blame on Obama and the Democrats. The Bushes were very big about making China more like us and they instead succeeded in making us more like China.
In case you missed it, Bush 1 and Bush 2 are now gone. Neither one had the guts to say "NO" to any spending bill that was sent to them. So we are now insolvent. Welcome your Chinese masters.....? (The cruelest masters in human history if you happen to read up on their history.)