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Fri Apr 27, 2012, 10:38 AM

Our 14.3 Trillion dollar debt and who/how it accumulated in a nutshell...



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Reply Our 14.3 Trillion dollar debt and who/how it accumulated in a nutshell... (Original post)
grahamhgreen Apr 2012 OP
Egalitarian Thug Apr 2012 #1
SalviaBlue Apr 2012 #2
TheWraith Apr 2012 #3
Angleae Apr 2012 #4

Response to grahamhgreen (Original post)

Fri Apr 27, 2012, 02:16 PM

1. K&R for a modicum of sanity. n/t

 

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Response to grahamhgreen (Original post)

Fri Apr 27, 2012, 02:23 PM

2. K&R - Thanks

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Response to grahamhgreen (Original post)

Fri Apr 27, 2012, 02:27 PM

3. Kicked and recommended.

And maybe this will get it out of people's heads that somehow we magically owe all of that money to the Chinese, or that they can "call in their loans." They can't, because US Treasury bonds cannot be called in, except for the special ones issued to the Social Security Trust Fund, which can be called in at any time the SSTF needs cash. The rest of them can only be changed in at maturity, usually 30 years.

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Response to grahamhgreen (Original post)

Fri Apr 27, 2012, 05:26 PM

4. Our national debt is $15.6 trillion and has increased $5 trillion under obama

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