NJ5 said:
And a $1.6 trillion deficit, which is almost as much as the size of China's dollar holdings, and twice as much as China's holdings of US debt. In one year. (not to single out the US, because many other Western countries are running similar sized deficits as a percentage of GDP, but in the US's case the absolute size is amazing and by itself could cause problems)
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Yeah, honestly... it's lower then I expected it all to be... I was thinking it'd push 4 trillion and 2 trillion respectivly.
So... it's kinda like being on a shoe string budget... having your car broken down... then finding out your alternator is going to cost you about 50 bucks less then you thought.
Still bad, but your just relieved it's not as bad as you thought.