China cuts up Obama Administrations Credit Card

15 Years ago, the US had 44 lenders for selling national debt to. Today, it's 16, and dropping. China's Premier Wen publicly stated that China will not be buying the trillions of debt the Obama administration is trying to sell.

But no worries, according to Tim-tax cheat- Geithner, the Fed will purchase the Treasury bills that his department is selling.

Huh?? Hows that work??

We just print money to buy our own debt??

Try to imagine owing Visa 100,000 dollars,, and you only make 40k a year. Understandably, Visa would be a tad nervous. Try to imagine how nervous and angry they would be if you reassured them by telling them-- Oh, don't worry. I'll just print up the money to pay you.

That's exactly what the Obama administration is doing.