Why would the Chinese be so interested in our deficit? Well, for all intents and purposes, China is the official banker of the United States government. China is the number one foreign holder of U.S. Treasury securities. This has MAJOR implications on our independence and security, as well as our stance on issues of human rights.
Before asking your government whether or not we can afford this new interventionist policy, perhaps it would be wise to ask the Chinese.
We cannot spend our way out of debt. We must conserve resources and invest wisely in the surest turn-around.