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Truth is elusive. But it's a good thing we have math.
Many people — politicians and pundits alike — prattle on that China and, to a lesser extent Japan, own most of America's $14.3 trillion in government debt.
But there's one little problem with that conventional wisdom: it's just not true. While the Chinese, Japanese and plenty of other foreigners own substantial amounts, it's really Americans who hold most of America's debt.
Originally posted by atoptreetops
This is not possible. WE didn't spend this money. the government did.
Originally posted by piotrburz
Americans are debt owners, as simply explained here:
lucky for U Obama is the clone of RA...
Originally posted by nagabonar
Now this is the reason why the taxes are so low in the USA. Taxes in USA would probably be as high as in Germany for instance, if the US would not have borrowed so much from it selfedit on 21-9-2011 by nagabonar because: (no reason given)
so they now just print want they want... nice
The Fed simply created, via Bernanke’s electronic printing press, the dollars with which it bought – and is buying – massive quantities of US Treasuries.
UB a smart One... But I hope Urr not the lone wolf Obama is talking about
Originally posted by lonewolf19792000
reply to post by ParAvion
Actually its the Rothchilds who own the entire worlds debt, including the U.S. and China's debt ontop of the EU and the United Arab Emerites. They own the entire world.
Originally posted by TruthWithin
According to the "math" the treasury/Fed owns most of the debt at 1.6 Trillion. Now if you will excuse me I have to go lend myself some money so I can pay my electric bill...