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TheWraith

(24,331 posts)

3. Kicked and recommended.

Reply to grahamhgreen (Original post)

Fri Apr 27, 2012, 02:27 PM

Apr 2012

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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Highlight:

Our 14.3 Trillion dollar debt and who/how it accumulated in a nutshell... [View all] grahamhgreen Apr 2012 OP

K&R for a modicum of sanity. n/t Egalitarian Thug Apr 2012 #1

K&R - Thanks SalviaBlue Apr 2012 #2

Kicked and recommended. TheWraith Apr 2012 #3

Our national debt is $15.6 trillion and has increased $5 trillion under obama Angleae Apr 2012 #4