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Who holds the US government's debt?
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"A politician will do almost anything to keep their job, even become a patriot" - Hearst
All of it but 22 percent is on american citizens( fed) , american financial institutions, pension funds , insurance companies etc which is why youve been experiencing third world inflation
Do something Danke
And I still don't understand why default isn't the best long term option to deal with it.
WHAT THE F*** DID YOU THINK WAS GOING TO HAPPEN???
Control.Originally Posted by fisharmor
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Mises Institute
An Agorist Primer ~ Samuel Edward Konkin III (free PDF download)
The End of All Evil ~ Jeremy Locke (free PDF download)
Because then they couldn't borrow even more in the future.
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"A politician will do almost anything to keep their job, even become a patriot" - Hearst
I suppose you may maintain Social Sec , medicare and some sort of navy and eliminate all remaining fed govt and do it because itd need to be balanced budget after
Do something Danke
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"A politician will do almost anything to keep their job, even become a patriot" - Hearst
Can someone explain how the $7T of intragovernmental debt works?
Shouldn't that be a net zero, where there's a negative on the ledger of one agency that is a positive on the ledger of another agency?
What would happen if the federal government just forgave itself of that debt? Would the national debt instantly go down by $7T?
Ron PaulThere is nothing to fear from globalism, free trade and a single worldwide currency, but a globalism where free trade is competitively subsidized by each nation, a continuous trade war is dictated by the WTO, and the single currency is pure fiat, fear is justified. That type of globalism is destined to collapse into economic despair, inflationism and protectionism and managed by resurgent militant nationalism.
Congressional Record (March 13, 2001)
Up two trillion from decade ago . All in trust govt funds , accounting . So no I dont imagine so because it would need to be in budget from said agencies, 38 maybe percent owed to social sec ( about 2.6 trillion) , one of few programs actually tax pd, same w/ most , gas tax funds for rds , medicare funds, and federal pensions. Actually it is 7 trillion needing to be added to unfundedliabilities since stolen from funded liabilities
Do something Danke
Up two trillion from decade ago . All in trust govt funds , accounting . So no I dont imagine so because it would need to be in budget from said agencies, 38 maybe percent owed to social sec ( about 2.6 trillion) , one of few programs actually tax pd, same w/ most , gas tax funds for rds , medicare funds, and federal pensions monies Actually it is 7 trillion needing to be added to unfunded liabilities since stolen from funded liabilities , I guess it was stolen and diverted to israel , ukraine , bidens , obamas solyndra, killing oil leases , f a g s and UnAmerican activities.Certainly no noble cause like giving me a .50 Cal and .30 Cal MGs and a couple BARS
Last edited by oyarde; 12-18-2024 at 08:38 PM.
Do something Danke
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