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re: International finance guys...question about world debt
Posted on 10/12/17 at 11:50 am to roadGator
Posted on 10/12/17 at 11:50 am to roadGator
Think of it this way - Only about $6 trillion of the US debt is held by foreign governments. The rest is held by Social Security, Medicare, and other retirement accounts, the Fed, banks, insurance companies, mutual funds, etc. So we're really borrowing money mostly from our own public and private institutions to fund the government.
This post was edited on 10/12/17 at 11:51 am
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