2 ms·
If 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.
by zunzun 8y ago
If 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