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re: Breakdown of to whom the US owes its $22T debt

Posted on 2/13/19 at 10:46 am to
Posted by Ebbandflow
Member since Aug 2010
13457 posts
Posted on 2/13/19 at 10:46 am to
quote:

Why is it no one owes us money


A lot of countries owe the United States money. Lol.
Posted by wareaglepete
Lumon Industries
Member since Dec 2012
11243 posts
Posted on 2/13/19 at 1:26 pm to
quote:

A lot of countries owe the United States money. Lol.


And no one ever talks about the entire balance sheet. What is that $21T as a percent of assets? What is our equity position? They just throw that large debt out there to scare people.

The deficit is the real problem. It is fine to run a deficit some of the time, but we run one all the time. That will cause problems down the road if not reigned in.
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