[Worldtraveler once upon a time]

--- :The size of China's debt problem is truly staggering. At last measure, debt of all sorts – public and private and in all sectors of the economy...."

And yet, doing simple word replacement, our nation's "debt of all sorts" dwarfs China's. The world's "first nations" are become Ponzi schemes, and each likely is waiting for the other to topple over -- first. But "we're number one...."

And -- oh, look over there -- the debt ceiling politics is erupting once again in Congress, with Democrats and RINOs ready to enlarge the credit card because.... What could possibly good wrong?

[DIRTYSECRET]

Our debt is ‘only’ $31 trillion in comparison. The good news is hat we’ve got $30 trillion or so in our IRA/401k accounts the government can raid.