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originally posted by: FamCore
a reply to: anticitizen
don't you mean, the U.S. owes it to China (because China has been buying up our bonds?) Can you elaborate?
China certainly doesn't owe the U.S., if that's what you're implying.
originally posted by: anticitizen
originally posted by: BeefNoMeat
a reply to: FamCore
Just a heads up: your title uses 'deficit' (yearly) and your OP is referring to 'debt' (continuous). At any rate, it's a lot of coin the U.S.A. owes someone.
and who owes it?
a little disconcerting.
originally posted by: crazyewok
Its not to be honnest the debt that the problems.
The problem number is the deficit
And to be honest thats not exactly as pleasant number to look at either....
originally posted by: onequestion
None of the money is backed by gold so what's it matter? It's value isn't tied to anything.