Well, your country is almost $8 trillion in debt. And over the past several years, the Chinese and Saudis have led the way in buying up the dollar. They still think it is a currency worth investing in. But as the annual deficit and overall nation debt continue to soar, countries will stop buying the dollar. When that happens, interest rates will explode in a way that will even make Jimmy Carter's days of malaise look like halcyon days.

Bottom line: without sustained economic growth of 4% or higher over the next four years, the President will not reduce the debt, foreign central banks will not buy up our dollars, and interest rates will skyrocket to unprecedented rates.

All three will cripple the U.S. economy.

MSNBC

Joe Scarborough

It sounds to me like this gives the Saudis and Chinese a considerable degree of power over the US, which I can't see as being a good thing. Gambling on economic growth of 4%+ per year is dangerous.

This would, of course, affect economies all around the world, those most closely associated with the US the most.

Please explain why I'm wrong!