Foreign purchases of US long-term securities surges

Foreign purchases of US long-term securities surged in June,
reversing an outflow the previous month and signaling recovery of
battered financial markets, new data showed Monday.

The jump was primarily driven by a sharp increase in overseas
demand for long-term US Treasury securities, including from China,
the biggest owner of American debt, according to the monthly US
Treasury international capital report.

It said that net long-term security transactions in June climbed
to 90.7 billion dollars from negative 19.4 billion dollars in May
as both private and official foreign investors beefed up their
portfolios.

The June figure was substantially higher than market
expectations of 17.5 billion dollars.

http://www.richmarksentinel.com/rs_headlines.asp?recid=976&pcurr=1

It is absolutely impossible with the way our government runs its operations. At what point could we possibly generate a surplus large enough to even start paying it off?

Those buyers, or whoever the eventual bagholder ends up being, are going to get reamed.