The human rights abuses that occur at the hands of the Chinese government would be appalling to many Americans. Religious minorities and political dissidents are the constant targets of state-sponsored oppression. An unkind word about the ruling Communist regime can result in years in prison, forced labor, or execution.
America has long stood against such violations of human rights. But as a nation indebted to China, our ability to push for change is undeniably limited.
On all issues, say the authors, “Washington’s decision-making is constrained by our inability to do anything that risks upsetting the [People’s Republic of China].” Indeed, a government that loses its sovereignty to its bondholders cannot guarantee prosperity or freedom. And, at the end of the day, an economy that is controlled by China cannot possibly compete with China.
Democrats in Washington seem not to have awoken to this reality. While they may talk a good game, it is only the Republicans in the House of Representatives that have offered a balanced budget. So either President Obama and Senate Democrats do not see the threat we face, or, more troublingly, they do not care.
After passing the $15 trillion mark, our debt will only continue to rise. But that unfortunate milestone should serve as a wakeup call to all Americans. We must elect a Republican president who understands the threat we face. Otherwise, Democrats’ debt will be our undoing. The American Century could become the Chinese Century—because as the sun sets on the West, it most certainly will rise in the East.