Prism

2) As you seem to have missed, US/Western hegemony is better than Chinese hegemony. You would not be particularly fond of a world where China was in everyone's business and China set the standard, especially if you value your freedom.

Didn't miss, just ignored. China has no chance of taking the US over; even if they were to try and forcefully regain all the assets we owe them, our government would make that side of the earth a large smoking crater before giving up power to them; even in the middle of a revolution, they will still have control of the majority of nuclear armaments...they can't use them on targets so close to them, but China is nice and far away, making them a perfect target to vent some frustration at a civil war even occurring on their watch, if China decides to make themselves a target. I don't necessarily disagree with this government in terms of foreign policy, just internal policy; I think they will protect us from that, even if only indirectly and to keep themselves in positions of power.

Not necessarily fair that we won't pay them back and they know it, but one problem at a time; our government is just about the least efficient machine that has ever existed. The debt speaks for itself.