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Don't worry, we've not funded our government for a while now. National debt out front should have told ya
by malfist 10mo ago
Don't worry, we've not funded our government for a while now. National debt out front should have told ya
- fritzorino 10mo agoYou are reliant on the kindness of strangers to fund your government spending.
- carlosjobim 10mo agoThat's true for all governments who issue treasuries. For the US it's the kindness of the Japanese, the Chinese and the British. But mostly their own kindness.
- disgruntledphd2 10mo agoNote that lots of the Treasury holdings are mostly hedge fund related, so it's not as clear who holds the longer-term paper (hopefully someone who knows more than me will jump in at this point and provide data).
- youngtaff 10mo agoAnd Europe too – around $8 trillion in US treasury bills is held by Europe
- dpc050505 10mo agoIt's not kindness, it's interest. Those rates are about to go up up up.