who does the national debt is owed to?
bullet b asked:
http://www.optimist123.com/optimist/2006/05/pie_chart_of_wh.html
check this site out. over 3.5 trillion debt is owned by the government. and another 2.6 trillion owned by the public so we own most of the debt of our country. i always had a question was this thing called federal national debt, is that what the people owe the government because i dont know which country would loan america money if america owes 9 trillion to foriegn countries. i would be an idoit to loan money.
the thing about federal trade deficit is how much the foreign countries has of USA dollars. is the USA government buying millions of appreals from china, or some electronics, no, its companies from china having made money selling chinese goods and recieving usa dollars which they dont know where to put the money so they buy up usa treasury bonds. bonds which can be public debt wrapped with the government title so to finance american companies.
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Filed Under Personal Finance |
Tagged With China, Loan Money, Treasury Bonds
Comments
One Response to “who does the national debt is owed to?”
Another thing about the debt is that it’s a false number. If the government buys a new building, for example, the total cost just gets added to the national debt with no consideration given to the fact that the government also has an asset.