Friday, April 15, 2011

Who do we owe? The national debt is crazy scary

So, China doesnt have to go to war with us, they just keep buying our debt until they own us. Nice.
http://www.defeatthedebt.com/understanding-the-national-debt/who-do-we-owe/

2 comments:

Information said...

All the facts are not posted on the link provided. Providing incomplete information is a big part of the problem. Here is a better informed link...
http://www.mygovcost.org/2011/01/19/who-owns-the-u-s-national-debt/

In case the link does not work basically 62.2% (17.9% of the total is owed to the social security trust fund and 42.2%of the total is owed to U.S individuals and institutions [or the federal reserve and intragovernmental holdings depending on the sorce you use...http://www.ar15armory.com/forums/National-debt-146-trill-t107737.html ] VS just 7.5% of the total owed to China.)A larger portion of the debt is owed to the people and was basically stolen from the retirement funds of the people without their knowledge or consent.

Information said...

Straight from the source


http://www.treasurydirect.gov/govt/reports/pd/mspd/2010/opdm092010.pdf