How did it happen?

Open blogger writes at Ace of Spades, asking how did how did the United States of America become indebted to China?

The most prosperous, freedom-loving, self-reliance-driven country in the world is now in debt to China. Americans are not indebted to another country... NO! That's just not the way it works. America is the country to which OTHER nations are indebted. We are the nation who bails out the sickly Democracies around the world. WE are the ones who establish leverage through the indebtedness of others. How the hell did this happen?

Socialism! That's it! It's creeping into our lives in such small measure that it is upon us before we take notice. It's insidious in nature. Socialism feels good. It sounds like such a good idea until you find yourself up to your neck in brown-shirts, as we did just recently with the takeover of national parks by the Obama-directed NPS police.