squeezer
Well-Known Member
- Joined
- Jul 2, 2012
- Messages
- 5,900
- Reaction score
- 2,796
A few more comments on the debt "monster" we are all being told is our biggest enemy.
Fully two-thirds of the national debt is owed to the U.S. government, American investors and future retirees, through the Social Security Trust Fund and pension plans for civil service workers and military personnel. China, it turns out, holds less than 8 percent of the money our government has borrowed over the years.
?It is true that China is the largest foreign owner of our debt,? said Josh Gordon, policy director of the Concord Coalition, a Virginia-based nonprofit that advocates getting the nation?s debt under control. ?But the vast majority of our debt is held by us.?
Read more: http://www.foxnews.com/politics/201...trillion-to-hint-it-isnt-china/#ixzz2B2IZ3Y6M
Fully two-thirds of the national debt is owed to the U.S. government, American investors and future retirees, through the Social Security Trust Fund and pension plans for civil service workers and military personnel. China, it turns out, holds less than 8 percent of the money our government has borrowed over the years.
?It is true that China is the largest foreign owner of our debt,? said Josh Gordon, policy director of the Concord Coalition, a Virginia-based nonprofit that advocates getting the nation?s debt under control. ?But the vast majority of our debt is held by us.?
Read more: http://www.foxnews.com/politics/201...trillion-to-hint-it-isnt-china/#ixzz2B2IZ3Y6M