We have the largest trade deficit with China, money they in the past they have loaned to the US to pay for the very entitlements that one decries.
In essence, Globalism made China, for a time they were content with loaning us their money made from it, now they are withdrawing from such purchases of .Gov debt.
Prior to the mid 90’s, why weren’t the ChiComs purchasing such quantities of US debt?
Because they did not have the money, via Globalsim and Outsourcing well gosh, they sure got wealthy all of the sudden..
You cannot expect the rest of the world to aspire to poverty and nor can we expect that the US is guaranteed anything.
We are globalists and outsourcers because we are part of the world, a leader in trade and competitive in what we produce.
We sell our stuff all over the world and have shed the unprofitable and uncompetitive products that are not worthwhile.
Our corporations are everywhere they can conduct good business and have set up shop where ever it is necessary to further the increase in trade.
America is because of our great corporations and their business acumen and ability.