You commonly hear about how we are indebted China or whoever and because of that, they wield power over us.
This isn't loan shark style debt. The US holds all the cards in this case. It's sort of like, the mantra, "if you owe the bank millions of dollars, it's your problem". If you owe them billions, it's their problem.
The US could even pay back that debt with money they themselves issued if needed.
You commonly hear about how we are indebted China or whoever and because of that, they wield power over us.
This isn't loan shark style debt. The US holds all the cards in this case. It's sort of like, the mantra, "if you owe the bank millions of dollars, it's your problem". If you owe them billions, it's their problem.
The US could even pay back that debt with money they themselves issued if needed.