Ever wondered...

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bball
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Ever wondered...

Postby bball » Wed Oct 04, 2017 7:36 am

https://www.thebalance.com/who-owns-the ... bt-3306124

I thought this was interesting..and informative
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Caustic Burno
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Re: Ever wondered...

Postby Caustic Burno » Wed Oct 04, 2017 7:38 am

bball wrote:https://www.thebalance.com/who-owns-the-u-s-national-debt-3306124

I thought this was interesting..and informative


The government has been putting IOU's in that box since LBJ.
Take that back Ike bailed out the Post Office first with it.
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HDRider
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Re: Ever wondered...

Postby HDRider » Wed Oct 04, 2017 7:56 am

I scary part, the part that adds insult to injury is the fact approximately 47% of the debt held by the public.


We own it twice. That does not include what some of our pension funds (those of us lucky enough to have a pension) own the national debt.

Some of us own it three times.
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TexasBred
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Re: Ever wondered...

Postby TexasBred » Wed Oct 04, 2017 8:05 am

Caustic Burno wrote:
bball wrote:https://www.thebalance.com/who-owns-the-u-s-national-debt-3306124

I thought this was interesting..and informative


The government has been putting IOU's in that box since LBJ.
Take that back Ike bailed out the Post Office first with it.

Operates much like your local bank. You pay off a note, the immediately lend the money to someone else. You redeem a treasury note, they pay you off and issue another that someone else or maybe even you may buy. Just different yield and maturity. Nothing but electronic transactions. SS is actually being smart by investing in U.S. debt. (and all this time you thought the gov't was robbing the SS fund). :lol2: :lol2:
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