The problem isn't a crack pipe ... but rather your reading comprehension.<quoted text>
Put the crack pipe down. You've had entirely too much.
Step 1) At the end of 02', the debt stood at 6.4 trillion. Even without the 2.5 borrowed from China, it was at 10.7 trillion at the end of 08'.
Step 2) add the 2.5 too the 10.7. This becomes your starting point.
Step 3) Subtract that number from the debt number at the end of 12' and you'll see what everyone outside the bubble sees.
Your problem is obvious. You're using republican math. No matter how hard you wish for 1+1 to equal 3 1/2, it will never work. Try stepping outside the bubble and into the real world with the rest of us. I know you aren't used to it but, it's not as scary as your masters want you to believe. Stop being merely an obstructionist and start working towards solutions.
I'm talking about "marketable debt" ... debt owed to the public and debt that must be paid back or the result will be a default. Marketable debt, does not include debt the government has borrowed from itself ($$ taken from the SS trust fund, for example) and will never pay back.
It's not republican math that makes it so, but rather that it is almost quite silly to even include debt the government owes to itself into the equation. Would you feel compelled to pay back money that you borrowed from yourself? What's to stop you from paying that money back and then borrowing it again or borrowing more money from yourself to pay the money you already borrowed from yourself and are paying back. It's a big effing game. In any case, I think we can both agree that non-marketable debt it's a completely different animal than marketable debt that another person holds and that must be paid back at a definite time.