Posted by: Calmseas (Mike) | July 18, 2009

Economics 101

The US government is spending a ton of money that they don’t have these days.  So where is all of that money coming from?

Think of it this way.  The money comes from the Chinese.  We buy their stuff, and they lend us our money back so that we can fund the myriad of government institutions and programs and, also, pay them back what we owe them, with interest.  Well, we still don’t have enough money to cover all of the expenses and the growing debt, so we buy more stuff from the Chinese so that they can lend us more money so that we can continue to fund the myriad of government institutions and programs and, also, pay them what we owe them, with interest.  I think that’s pretty much how it works.

And now this concept has a name: It’s called “Obamanonics.”  I’m so glad we cleared that up.

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