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>> Deficit aside, how does a nation "borrow" money and must therefore pay interest on it, which rich trillionaires are financing the U.S?. One large creditor i
by phkahler 3y ago
>> Deficit aside, how does a nation "borrow" money and must therefore pay interest on it, which rich trillionaires are financing the U.S?.
One large creditor is the Social Security Administration. They have invested trillions in treasury bonds. Sometimes when you hear SS is hav8ng a crisis its really just them needing to pull money out of that investment and people in congress being unhappy they have to pay back money borrowed by previous congress people. Fortunately even some high level folks from the federal reserve have educated them that it is in fact real debt and not some type of funny money they can just ignore.