4 ms·
I'm pretty sure the military families and your parents drawing social security might say otherwise: "Fully two-thirds of the national debt is owed to the U.S.
by at-fates-hands 14y ago
I'm pretty sure the military families and your parents drawing social security might say otherwise:
"Fully two-thirds of the national debt is owed to the U.S. government, American investors and future retirees, through the Social Security Trust Fund and pension plans for civil service workers and military personnel. China, it turns out, holds less than 8 percent of the money our government has borrowed over the years."
http://www.foxnews.com/politics/2012/09/04/who-do-owe-most-that-16-trillion-to-hint-it-isnt-china/ http://www.foxnews.com/politics/2012/09/04/who-do-owe-most-t...
- bubbleRefuge 14y agoAre you saying that a sovereign nation using a floating fx non-convertible currency regime cannot meet any financial obligation ? Or won't ?
- kaonashi 14y agoThere's always the risk of voluntary default; either the Republicans are bluffing on not raising debt-ceiling, or they aren't.