NopeThe interest we pay to China for their part of our national debt is enough to completely cover the cost of running their military....
Do you think that is in the interest of national security?
China is the largest holder of US debt with about 8%. So they would get about 17.6 billion a year of the 220 billion we pay in interest. The defense department spending runs between 600 and 700 billion far more than the interest we pay China.
US Federal Revenue for 2013 - Charts Tables
National Debt Interest Payments Dwarf Other Government Spending [CHART] - US News and World Report
The TRUTH About Who Really Owns All Of America's Debt - Business Insider