Who owns a lot of our debt again?  State Department Says China to Get U.S. Aid under New Climate Deal

(CNSNews.com) – U.S. Special Envoy for Climate Change Todd Stern said that there was “no question” that China would receive both financial and technological assistance from the United States as part of upcoming climate change talks to be conducted in Copenhagen, Denmark.

“This is a developing country issue, which includes China,” Stern told reporters on Friday.  “I think there is no question that a Copenhagen agreement is going to have to include mechanisms to provide the financial flows and technological assistance to developing countries.”

So, what happens?  We go begging to them to buy even more of our debt, increasing our national debt and jacking up the interest rates we pay in the future thereby stifling our economy more down the road, so that we can turn around and give them “financial assistance”?  It feels a lot like supplying the rope at your own lynching. That’s just insane.

If they can afford to buy our notes they can afford to finance their own green energy industry.

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