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February a new round of arm sales to taiwan, chinese major general lu yon told a chinese run magazine, quote, we could sanction the u.s. using economic means such as dumping some u.s. government bonds. the new house majority leader admits extending the tax cuts would force america to borrow more money. >> if you have less revenues coming into the federal government and more expenditures, what does that add up to? certainly you're going to dig the hole deeper. >> reporter: the u.s. is already in the hole $883 billion just to china. more than double what it held in u.s. treasuries just three yea...

General lu yon told a chinese government run magazine "we could sanction the u.s. using economic means such as dumping some u.s. government bonds. the new house majority leader admits extending the tax cuts would force america to borrow more money." >> if you have less revenues coming into the federal government and more expenditures, what does that add up to? certainly you're going to dig the hole deeper. >> the u.s. is already in the hole $883 billion just to china. more than double what it held in u.s. treasuries just three years ago. already american taxpayers pay china $50 billion in inte...