re: Who receives the 800 billion interest on the national debt????

I do!

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Yikes, and there that one is.

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Pearls: [clutched] unclutched

Let it burn

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Are you people really this stupid?

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yes

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I really do not know anyone that would hold treasury bonds, why should the middle class care

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Okay, here’s a rough breakdown as to who owns US debt:
• Domestic Investors hold about 31%.
• The Fed holds roughly 24%.
• U.S. government agencies,(e.g., the SS Trust Fund) hold around 22%.
• Foreign Investors hold 23%.

Assuming you’ve contributed to SS, those contributions were converted to bonds, and held as obligations for you. “Domestic investors” include state and corporate pension plans which may or may not impact you, but definitely impact middle class folks. So those are a couple of reasons you might care.

Of course with the 14th Amendment in place ("The validity of the public debt of the United States shall not be questioned.”), it doesn’t matter whether you care or not.

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Re: "Far better to stiff China than to raise middle class tax rates," China holds about 2.4% of our debt. Around 60% of it is held by China (So ~1.4% of our national debt). The rest is held individually by Chinese nationals. JFWIW.

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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

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Most of it goes to people who are retired or saving for retirement who are also US citizens. Only about 1/3 of the debt is held by foreign entities, almost all of the rest is in retirement accounts of American citizens. It is about as safe an investment as can be had and it is good business on the part of the government to use cheap money to fund shite.

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I really do not know anyone that would hold treasury bonds, why should the middle class care

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So you know no one in the middle class who has a 401K? While unlikely the fact that there is a possibility that this is true speakes more about the problem of inadequate retirement savings in the US than it does about the national debt.

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I really do not know anyone that would hold treasury bonds, why should the middle class care


Yeah, frick holding government paper thats yielding 5%.

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Who on the planet could possibly be interested in investing in a vehicle that carrys NO risk and pays 5%? No savvy investor for certain...they are calling the gold and silver investment offers on Fox News because they know what investing means. 5% return and no risk....who in their right mind would be interested in that???

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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.

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And, at the end of the day, where in the hell else are they gonna park the money that is almost without risk and pays a pretty decent rate of return given the almost complete lack of risk. They will shake the fists and cuss the US but they ain't dumping their investment in the US because they ain't got nowhere else to put the money. No one does. And there ain't gonna be anyplace anytime soon without some MAJOR upheaval unheard of in the history of the world....

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Give every adult in the US a million dollars. Wouldn’t cost much compared to Ukrainian aid

I don’t think we’ve sent Ukrainian anywhere near 334 trillion dollars.

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$1 Million to every American would equate almost 73% of the entire aggregated wealth of the WORLD LOL. To about 4.25% of the worlds population. Come to think of it, that is not a lot of difference between the accumulation of wealth in the US...but it is a staggering figure globally...