HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » John Boehner On Debt Ceil... » Reply #5

Response to Galraedia (Original post)

Tue May 7, 2013, 09:56 PM

5. A lot is messed-up with this.

In the first place, China only holds about seven percent of U.S. government debt.

Most of the federal government's debt is owed to Americans and to ... the federal government, i.e., Social Security.

In the second place, 'national security' payments also means contractors for things like the F-35 (a monstrous boondoggle and waste of money) and hundreds of other unnecessary military programs. It would be one thing if actually paying troops was at the top of the list, but I don't suspect that is what would actually happen -- the military gravy train for contractors and the Pentagon elites comes first.

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 13 replies Author Time Post
Galraedia May 2013 OP
daleo May 2013 #1
Faryn Balyncd May 2013 #2
Renew Deal May 2013 #3
LeftInTX May 2013 #9
olddad56 May 2013 #4
LineNew Reply A lot is messed-up with this.
earthside May 2013 #5
Scuba May 2013 #12
BootinUp May 2013 #6
olddad56 May 2013 #7
smirkymonkey May 2013 #13
Samantha May 2013 #8
bhikkhu May 2013 #10
Midniteagle May 2013 #11
Please login to view edit histories.