Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - What happens if U.S. defaults on loans or bonds? - Here is a question I would like answered. For the past several months we have heard about the growing national debt and our dependency on China to cover our debt. What happens if China stops buying our debt? I'm not being rhetorical here, I am serious. We can only have a budget deficit if we sell enough Treasury Bonds to cover it. So if China stops buying those bonds, like after they hear we gave Taiwan over $6-billion in military aid, where does that leave us? Do we declare bankruptcy and start over? It seems that no one has addressed that part of the problem yet. A lot of journalist have rhetorically asked what happens if China stopping buying our debt? But no one that I have heard has offered an answer. I want to know the answer. -
