How does one stop borrowing money?

There are only 2 ways to stop borrowing money: a good way and a bad way. The good way is to stop asking for money. The bad way is to ask for money, only to have the lenders say no. We all know which method will stop the US Federal Government from borrowing money. See, I didn’t have to tell you, you already know!

Assuming the Chinese government is not stupid, they must be arranging their affairs to protect China from a failure to recover the investments they made in the US Federal Government. If they are able to arrange their affairs so as to minimize the damage that will be done by a US default, they then will most certainly stop wasting good money after bad and will stop lending the US money. Once they stop…

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