Government Shut Down

[glatt]

The paper today was talking about winners and losers.
I think the only winners here are China. And we in the USA are all losers.

Oh, and if tw really moved his money around to profit on a default, maybe he's a loser more than others. How did that go tw? Did you take a big hit?

Originally Posted by tw

Ironically, I make money if the wacko extremists do make America fail. Says how much faith I have in Cantor and the boys.

[Spexxvet]

Originally Posted by glatt

Yeah, well, the debt graph is boring. It just keeps going up exponentially. The deficit graph is where the real data is, because you can see how government policy and economic factors work together to increase the debt slightly or rapidly.

The reason I point it out is because the Afghanistan and Iraq wars never showed up in the budget. They paid for through Emergency Spending Measures, not that they were emergent or unforeseen.

Originally Posted by glatt

I think the only winners here are China. And we in the USA are all losers.

Yep.

Question: Who Owns the U.S. National Debt?

Answer: The U.S. debt is more than $16.7 trillion. Most news headlines focus on how much the U.S. owes China. And, in fact, China is the largest foreign owner of U.S. debt. However, the biggest single owner of national debt is the Social Security Trust Fund, aka your retirement money. How does that work, and what does it mean?