If the American Government is unable to raise the debt ceiling, it will be unfit to govern and I will call for the return of the King.
But who owns your debt?
Well, the US government owes itself $4.6tn.
The remaining $9.7tn is owed to investors. These include banks, pension funds, individual investors, and state/local/foreign governments/
China owns $1.16tn, Japan: $0.91tn, and the British $0.35tn. Yep, you owe us.
I think the Republicans need to man up and come to the table.
Reagan and Bush were very naughty with deficit. This mess, like the recession, is theirs.
But who owns your debt?
Well, the US government owes itself $4.6tn.
The remaining $9.7tn is owed to investors. These include banks, pension funds, individual investors, and state/local/foreign governments/
China owns $1.16tn, Japan: $0.91tn, and the British $0.35tn. Yep, you owe us.
I think the Republicans need to man up and come to the table.
Reagan and Bush were very naughty with deficit. This mess, like the recession, is theirs.