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To: Cringing Negativism Network

Are you clear on what a national debt is? China doesn’t have a national debt with America.

I do like discussing important ideas, but you don’t even or can’t even get your basic facts correct. It makes it hard to take you seriously.

https://en.wikipedia.org/wiki/Government_debt

China, like the US, is running a government budget deficit:

http://www.nationaldebtclocks.org/debtclock/china

http://www.nationaldebtclocks.org/debtclock/china

China owns about 8% of the $14 trillion plus US debt.

http://usgovinfo.about.com/od/moneymatters/ss/How-Much-US-Debt-Does-China-Own.htm

This has been explained to you repeatedly, but you don’t seem able to comprehend it. Ping me once you’ve learned the difference between government debt (real) and a trade deficit (imaginary).


100 posted on 12/13/2013 7:13:14 AM PST by 1010RD (First, Do No Harm)
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To: 1010RD

China’s debt is 40.59% of GDP compared to our’s, which is over 100% including Intragovernmental Holdings.


167 posted on 12/13/2013 9:40:22 AM PST by kabar
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