This entire government is on the verge of collapse. It's just a matter of time. Whenever a country is past the ability to even borrow, and then has to print money out of 'thin air', it's over. There are rumors floating around that even this is an attempt to trade the Chinese our land for the trillion in US debt they hold.
It's the same ploy they've used on other countries, trapping them in debt then taking their resources. Now it's our turn.
We hold 1.5 trillion of China’s debt from ww2 and some afterwards...though China may try to deny it, we have not repudiated that debt...so in reality it’s a 0 sum gain!
If it's going to happen, let it happen now - on Obama's watch.