Debt can drive a hard bargain. If your bookie or loan shark is not paid there can be serious consequences.
However, even before you get to that point it is fair to say people you owe money to especially people who don’t like you so much, but who you really need, can have considerable influence over your behavior.
Perhaps you don’t say things you would like to say or maybe you avoid taking action that is right but won’t make the loan shark happy. Whatever it is, you are beholding to people who are your creditor.
Think the US deficit doesn’t matter, think again.
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Tags: China as creditor, deficit, federal budget
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