It's not at all like you're being told! Don't let people trying to sell you fear trick you!
The link below is probably the most simple (and a bit oversimplified) list of who the US government owes with its debt. If you want really simple you can check out this Forbes link: http://www.forbes.com/sites/mikepatton/2014/10/28/who-owns-the-most-u-s-debt/ (there's a pie chart)
Simply put, the US owes the vast majority of its debt to... Americans and American organizations. For example, the Social Security Administration holds nearly twice the amount of US debt than China holds, as does the Federal Reserve Bank. A few countries actually float around the top investors in US treasuries, but the two largest holders right now are the two countries whose nearly entire economies are propped up by the US dollar either coming in through commerce or in the form of US Treasury Bonds-- China and Japan. In fact, last month CNN reported that Japan had more US debt than China ( http://goo.gl/STHBuP ), which isn't huge news except that it's the first time in about 8 or 10 years since that happened.
Don't get me wrong: it's a damned crying shame that China holds more US wealth than the Military Retirement Fund, which helps pay the pension for those who have served. From a fiscal policy perspective we should be concerned that banks in the US aren't required to hold more than they do as well. But worrying about how much US debt China holds? Yeah, that's not a rational fact based fear.
This is a great example of how news channels have drummed up irrational fear by misinforming the public and leaving out important information.
So why don't they extend those same practices when they interview suspects?
I, in fact, have been advocating that for a while now. If we count qualified immunity, for about a decade.
- Cornell CollegeComputer Science, Mathematics, 1989 - 1993
- Iowa State UniversityComputer Science, 1993 - 2000
computer scientist, ex-university instructor, sci-fi/fantasy reader, geek, living with dopa-responsive dystonia, ex-genetic algorithms researcher, cat-person, lizard- and ferret-friendly, quilter, knitter, tatter, occasional backyard bird-watcher, ex-equestrian, cheezy-movie lover, big fan of the correct use of grammar and punctuation and spelling, casual student of many fields, more-or-less liberal, more-or-less atheist, ultimate Puzzle Pirates' bilger, lover of snark and sarcasm, chocoholic, RPGer, introvert, devour-er of Discworld novels, etc. etc. etc
My public posting mostly falls under the category of "Links to News Jennifer Finds Interesting". Lately, my interest has gravitated to the US dysfunctional political system, theories of economics, and the state and future of US healthcare, with occasional lapses into educational reform, new scientific discoveries, jokes about grammar and spelling, and atheism vs. religions.
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