Paul Krugman cuts to the chase: Why does the media pretend that bullshit political posturing is fact? Remember all the dire warnings about what would happen if China stopped buying our debt, or worse yet, starting selling it? Remember how interest rates would soar and America would find itself in crisis? Well, don’t tell anyone, but the much feared event has happened: China is no longer buying our debt, and is in fact selling tens of billions of dollars in U.S.