4 ms·
Not to be too theoretical, but aren't we the government? It is not some other entity, it is reducing our own debt burden that we owe collectively (presuming you
by rileymat2 4y ago
Not to be too theoretical, but aren't we the government? It is not some other entity, it is reducing our own debt burden that we owe collectively (presuming you are American). If anything the most angry should be foreign holders of American currency.
- Am4TIfIsER0ppos 4y agoHah. Aren't americans always complaining about how monied interests control the outcome of their elections? As for europe there's different electoral shenanigans like holding a referendum then ignoring the result or taking more than 500 days to form a government after a national election because the stupid system doesn't deliver a clear winner.
- thunky 4y agoForeign debt is only a piece of it: https://www.thebalancemoney.com/who-owns-the-u-s-national-debt-3306124#:~:text=1%20Foreign%20governments%20hold%20a,and%20holders%20of%20savings%20bonds https://www.thebalancemoney.com/who-owns-the-u-s-national-de.... For example: think of the retiree who holds most of their nest egg in (nominal) treasury bonds.