So, why budget deficits and national debt?

[Toddsterpatriot]

The USSR twice in 30 years rose from devastation to the level of a superpower, was able to defeat the forces of continental Europe led by Hitler's Germany, in isolation managed to create industry and science capable of being the first to enter space. All this by making a cultural revolution, constantly improving the material situation of the people. He died betrayed by part of his own leadership elite.

China, a socialist country, is now the world's first economy.

The USSR was defeated by Reagan. All the remaining communist shitholes are shitholes.

China is communist in name only.

 

[Skull]

No why; but these charts tell us how much:

Total Government Spending More Than Quadruples - Federal Budget in Pictures

 

[initforme]

Can't blame the poor or middle class for deficits.

 

[Ace Nova]

The USSR twice in 30 years rose from devastation to the level of a superpower, was able to defeat the forces of continental Europe led by Hitler's Germany, in isolation managed to create industry and science capable of being the first to enter space. All this by making a cultural revolution, constantly improving the material situation of the people. He died betrayed by part of his own leadership elite.

China, a socialist country, is now the world's first economy.

China's economy is still 2nd to the United States.

GDP by Country - Worldometer

Countries in the world ranked by Gross Domestic Product (GDP). List and ranking of GDP growth, GDP per capita and couuntry share of World's GDP

www.worldometers.info

The primary reason China "a socialist country's" economy is as strong as it is - is because the Western world (Capitalism) is its biggest customer. Without western Capitalism, China's economy would be what it was 100 years ago.

 

[task0778]

China, a socialist country, is now the world's first economy.

China, a socialist country, is now the world's first economy.

I do not trust the economic numbers that my own gov't puts out, and I sure don't trust what the Chinese gov't tells us either.

 

[MisterBeale]

China, a socialist country, is now the world's first economy.

State capitalism - Wikipedia

en.wikipedia.org

 

[Ringo]

World capital will have breakfast with the Chinese worker, lunch with the Russian worker, and dinner with the American worker. And as long as you divide capitalism into countries and hate the “bad” ones, it can worry about nothing - its herd is under reliable control.

 

[Toddsterpatriot]

World capital will have breakfast with the Chinese worker, lunch with the Russian worker, and dinner with the American worker. And as long as you divide capitalism into countries and hate the “bad” ones, it can worry about nothing - its herd is under reliable control.

How's that communism working out for you, comrade?