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 years ago. already american taxpayers pay china $50 billion in interest every year right now. but if foreign powers buy u.s. debt for the next ten years, in the same proportion they hold it now, another ten years of the bush tax cuts will put news the hole to russia by another $60 billion. n cf1 o and to china by another $420 billion.