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re: Who receives the 800 billion interest on the national debt????
Posted on 10/1/23 at 1:06 pm to stout
Posted on 10/1/23 at 1:06 pm to stout
quote:See, k, we do still agree on some issues.
I do not see any downside
Other than worldwide banking collapse, famine, etc leading to WW3 yea I don't see any downside at all
0
Posted on 10/1/23 at 1:07 pm to Trevaylin
Contrary to popular belief... US citizens hold the majority of the us debt.
The largest foreign debt holder is Japan.
The largest foreign debt holder is Japan.
Posted on 10/1/23 at 1:07 pm to Trevaylin
quote:Yes you do. Most people who invest in mutual funds, banks, and pension funds hold treasury bonds. Are you people really this stupid?
really do not know anyone that would hold treasury bonds, why should the middle class care
Posted on 10/1/23 at 1:07 pm to crazy4lsu
you have a history of in ability to stay on topic. I asked who receives the 800 billion, I did not ask about household debt
Posted on 10/1/23 at 1:09 pm to Trevaylin
quote:
Who receives the 800 billion interest on the national debt????
Democrats of course
Posted on 10/1/23 at 1:10 pm to Trevaylin
quote:
I asked who receives the 800 billion, I did not ask about household debt
quote:
It's done with student loans, ppp covid loans, bank bailouts,,
Posted on 10/1/23 at 1:10 pm to fr33manator
quote:All U.S. securities are issued as non-callable.
I mean what happens when China calls in even a fraction of the debt?
Posted on 10/1/23 at 1:10 pm to fr33manator
quote:
I mean what happens when China calls in even a fraction of the debt? It's not getting paid.
They’re holding US Bonds…they can’t call them in. The worst they could do is dump them on the market which would crash the value but that screws them too as the value of this asset would tank….for them and everyone else.
Posted on 10/1/23 at 1:10 pm to fr33manator
quote:
I mean what happens when China calls in even a fraction of the debt?
Doesn’t work this way. Chinese govt doesn’t loan us money outright. They purchase bonds just like anyone else so if they needed the money they’d have to sell the bonds to other investors
Posted on 10/1/23 at 1:11 pm to Trevaylin
quote:
Who receives the 800 billion interest on the national debt????
American citizens own the vast majority of US debt
Posted on 10/1/23 at 1:14 pm to Trevaylin
quote:
asked who receives the 800 billion,
Every Treasury holder receives a payment based on the coupon (rate) amount of the bond so whoever owns the treasury receives the payment. That’s the textbook answer.
This post was edited on 10/1/23 at 1:15 pm
Posted on 10/1/23 at 1:14 pm to Trevaylin
quote:
you have a history of in ability to stay on topic. I asked who receives the 800 billion, I did not ask about household debt
You have a history of being a moron. US citizens and institutions who hold the vast majority of those bonds will get the interest payments.
Posted on 10/1/23 at 1:25 pm to Trevaylin
quote:
Far better to stiff China than to raise middle class tax rates
The US investors are by large the largest debt holder through mutual funds, pensions, insurance contracts, and individual treasury bills. Next is Japan, then followed by Chinese.
Posted on 10/1/23 at 1:35 pm to Trevaylin
Most of the national debt is money owed to SS .Money the govt took that hey owe back. They used money from
SS to fund all the entitlement programs. So abasically it is money the govt owes to SS.
SS to fund all the entitlement programs. So abasically it is money the govt owes to SS.
Posted on 10/1/23 at 1:39 pm to Trevaylin
quote:If you have a professionally managed retirement account, you probably have some treasury bonds in it
I really do not know anyone that would hold treasury bonds, why should the middle class care
Posted on 10/1/23 at 1:43 pm to Trevaylin
quote:
I do not see any downside
You don't see any downside because you have no idea what it involves.
The vast majority of the debt (and thus debt servicing) isn't foreign, it's domestic.
By far, the largest owner of federal debt is... the federal government.
quote:
Social Security trusts, including the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds, held $2.71 trillion in Treasurys as of December 2022. The next largest agency was the Military Retirement Fund at $1.36 trillion. Other large holders of debt include the Office of Personnel Management Retirement, Medicare (which includes the Federal Supplementary Medical Insurance Trust Fund), then cash on hand to fund federal government operations.
LINK
Once you drill down a bit, domestic concerns (pension, 401ks, bonds, etc) account for ~70%-75% of the debt. So what you're actually saying (without realizing it) is to treat the vast majority of US consumers to a very large haircut just to spite a very small amount of foreign entities with a small trim.
Posted on 10/1/23 at 2:00 pm to Trevaylin
quote:
Why not just treat those folks to a haircut. It's done with student loans, ppp covid loans, bank bailouts,, international aid programs.
I do not see any downside
Poli is not sending their best and brightest, folks.
Posted on 10/1/23 at 2:34 pm to Trevaylin
Half of the debt is intergovernmental loans. So I guess we do?
Posted on 10/1/23 at 2:41 pm to Trevaylin
quote:
Far better to stiff China than to raise middle class tax rates
We don't owe China near as much as people think we do
Posted on 10/1/23 at 3:14 pm to Trevaylin
mainly US pensions. The retired will be broke.
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