Because of our reckless ways on spending and accruing debt, the Chinese, one of the biggest holders of our debt, are expressing fear for the debt and the decline of the U.S. Dollar.

A Republican Congressman Mark Kirk, who is back from visiting with Chinese officials, had this to say:

“We heard across the board — in private — substantial, continuing and rising concern,” Representative Mark Kirk said after a trip to China that included talks with government officials and central bank chief Zhou Xiaochuan.

“It’s clear that China would like to diversify from its dollar investments,” the lawmaker said at the Center for Strategic and International Studies, a Washington think-tank.

http://www.conservativeforchange.com/2009/06/china-fears-us-debt-and-dollar.html