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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (2356)	9/11/2008 8:23:39 PM
From: TimF	Read Replies (1) \| Respond to of 86356

You say my facts are wrong, but then post a separate point which doesn't logically address any of my facts or support your original assertion. Also beyond that your separate point really isn't even correct (because the the SSA is part of the federal government so borrowing from it, isn't really debt, or alternatively is a debt canceled out by an equivalent dollar asset, just as if I borrowed $50k and put it all in the bank earning the same interest, my net worth wouldn't change) Total increase in federal government debt, is a separate issue from increase in federal government debt to China. A big chunk of the "debt" is government debt to itself. If you owe yourself money its not really debt. Most of what's left is debt to the American private sector. The majority of what's left after that is debt to countries besides China. Then finally you get down to new debt to China. The average over the past eight years for the increase in debt to China has been $45bil a year. Maybe the last year has been more than not, but not massively more. Even if its doubled (and I doubt it) it would be $90 bil a year or 3% of $3tril, not 20%. Your taking ALL new debt to anyone, and also a chunk of non debt (government "debt to itself") and calling it all "debt to China". Perhaps that some codeword that isn't meant to be taken literally but in terms of its literal meaning its not just wrong its not even close to being right.