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Fun fact: student loans comprise nearly half of the U.S. federal government's balance sheet assets [0]. Of course, the federal government borrows much more tha
by _iyig 8y ago
Fun fact: student loans comprise nearly half of the U.S. federal government's balance sheet assets [0].
Of course, the federal government borrows much more than that each year in new debt, though it's at best unclear if this is really a positive.
[0] https://www.advisorperspectives.com/dshort/commentaries/2018/09/26/the-fed-s-financial-accounts-what-is-uncle-sam-s-largest-asset https://www.advisorperspectives.com/dshort/commentaries/2018...
- zunzun 8y agoIf you think the US government borrows money, look at the total amount and ask: who had that much money to loan? That much money did not exist to be borrowed.
- User23 8y agoBeing a sovereign user of your own currency is pretty great.
- jjeaff 8y agoIt's pretty well accounted for. The money is borrowed from primarily the American people and American businesses in the from of treasury bills, notes, and securities. Printing money does not increase the national debt (I'm assuming that is what you are referring to.) https://www.treasurydirect.gov/govt/reports/pd/mspd/mspd.htm https://www.treasurydirect.gov/govt/reports/pd/mspd/mspd.htm
- bradleyjg 8y agoThe mortgage numbers on that page are way too small. They must not be including the GSEs.