Interesting argument from a former “Bearded Marxist”.
Sen. Chris Coons (D-Del.) on Saturday said default would confirm Chinese President Xi Jinping’s assessment of a broken U.S. political system, as the White House and Congress negotiate over the debt ceiling amid the possibility of default.
“The single worst thing we could do is default. It would confirm Xi Jinping’s assessment that we have a flawed and broken political system, that we can’t solve our most basic challenges, and it would weaken us in the eyes of the rest of the world,” Coons said on MSNBC.
I suppose we could have a Chinese Communist system in which Xi decides how much money to spend and anyone who disagrees gets carved up for spare parts. That’s the direction a bunch of Dems are going with their claim that a clause in the 14th Amendment allows the president (only if he’s a Democrat) to spend as much money as he likes.
But is there a reason we need to worry about proving China wrong about anything? Odd argument to make.
China holds about a trillion dollars worth of our debt. Should we really be going deeper into debt to China to prove that Congress will give in and let Biden get us even deeper into debt?
How about if we have to worry less about what China thinks about us by not getting into debt to the Commies?