“Umm...not exactly.”
Umm...yes exactly.
“Foreign purchases of Treasuries by China, or lack of purchases, has NO effect on what Uncle Sam spends. Take a look at the publicly available numbers and be convinced.”
You’re looking at numbers from the Obama administration, an aberration from the norm.
Now that budgeting is back, revenue plays a yuge factor.
No, I’m looking at budget deficit numbers from August 2018. During the past 12 months I know Russia has significantly scaled down their holding of US debt, and China is moderately less.
This fro Reuters:
U.S. government posts $214 billion deficit in August. WASHINGTON (Reuters) - The U.S. government had a $214 billion budget deficit in August, almost double the amount for the same period last year as outlays swelled, according to Treasury Department data released on Thursday.4 days ago
I have no idea why you would want to delude yourself, or other people reading this forum.
But nice try anyway.