Contrary to what the NYT says, the U.S. does not need China to buy its debt. The Interest rate on 10-year treasury bonds is under 4.0 percent. Suppose that China stopped buying bonds altogether, maybe it would rise by 0.2-0.3 percentage points. So what? Does the NYT have an economic model that shows that this sort of increase in interest rates would be disastrous to the U.S. economy? If so, they should share that model with its readers. If not, the paper should stop making assertions for which it has no evidence.
USA Today also gets it wrong.
A second Trump administration will cement a right-wing majority on the Supreme Court for a generation, and put our collective future in the hands of someone who will be virtually unchecked by our institutions. The country has shifted rightward, and the reverberations will ensue for potentially the next few decades. In this climate, a robust independent media ecosystem will be more important than ever. We're committed to bringing you the latest news on how Trump's agenda will actually affect the American people, shining a light on the stories corporate media overlooks and keeping the public informed about how power really works in this country.
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