User Tag List

+ Reply to Thread
Results 1 to 8 of 8

Thread: Who Owns the National Debt

  1. #1
    Original Ranter
    Points: 83,174, Level: 70
    Level completed: 31%, Points required for next Level: 1,676
    Overall activity: 7.0%
    Achievements:
    Social1 year registeredTagger Second Class50000 Experience PointsYour first Group
    Conley's Avatar Senior Member
    Karma
    7408
    Join Date
    Jun 2011
    Posts
    22,473
    Points
    83,174
    Level
    70
    Thanks Given
    4,582
    Thanked 2,506x in 2,014 Posts
    Mentioned
    236 Post(s)
    Tagged
    1 Thread(s)

    Who Owns the National Debt

    With so many major countries in massive debt, it naturally leads to the question who do they owe? In other words, where is this wealth being borrowed from? Turns out...




    So in our case, 47% of the debt is held by the Fed Reserve and Government (for example S.S.) whereas in those other nations you can see in red how much is held by foreign interests.

    http://macromon.wordpress.com/2011/0...overeign-debt/
    Last edited by Conley; 01-01-2012 at 01:39 PM.

  2. The Following 2 Users Say Thank You to Conley For This Useful Post:

    KC (11-07-2012),waltky (11-07-2012)

  3. #2
    Original Ranter
    Points: 206,941, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 35.0%
    Achievements:
    SocialRecommendation Second ClassOverdrive50000 Experience PointsVeteran
    Mister D's Avatar Senior Member
    Karma
    390802
    Join Date
    Jun 2011
    Posts
    82,739
    Points
    206,941
    Level
    100
    Thanks Given
    16,218
    Thanked 27,744x in 19,991 Posts
    Mentioned
    857 Post(s)
    Tagged
    1 Thread(s)
    Yet we hear so much about Chinese ownership of our debt. I guess that is usually overstated.
    Whoever criticizes capitalism, while approving immigration, whose working class is its first victim, had better shut up. Whoever criticizes immigration, while remaining silent about capitalism, should do the same.


    ~Alain de Benoist


  4. #3
    Original Ranter
    Points: 154,114, Level: 94
    Level completed: 2%, Points required for next Level: 3,736
    Overall activity: 57.0%
    Achievements:
    SocialRecommendation Second ClassOverdriveTagger First Class50000 Experience PointsVeteran
    MMC's Avatar Senior Member
    Karma
    39401
    Join Date
    Jun 2011
    Location
    Chicago Illinois
    Posts
    37,504
    Points
    154,114
    Level
    94
    Thanks Given
    10,994
    Thanked 8,389x in 6,423 Posts
    Mentioned
    58 Post(s)
    Tagged
    0 Thread(s)
    Now ya know why Ron Paul wants to get rid of the Fed.
    Don't only Practice your Art, but force your way into its Secrets, For it and Knowledge can Raise men to the Divine!!!!! Ludwig Van Beethoven ~

  5. #4
    Original Ranter
    Points: 206,941, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 35.0%
    Achievements:
    SocialRecommendation Second ClassOverdrive50000 Experience PointsVeteran
    Mister D's Avatar Senior Member
    Karma
    390802
    Join Date
    Jun 2011
    Posts
    82,739
    Points
    206,941
    Level
    100
    Thanks Given
    16,218
    Thanked 27,744x in 19,991 Posts
    Mentioned
    857 Post(s)
    Tagged
    1 Thread(s)
    What does "other" mean? American nationals or companies abroad? Or private foreign investors?
    Whoever criticizes capitalism, while approving immigration, whose working class is its first victim, had better shut up. Whoever criticizes immigration, while remaining silent about capitalism, should do the same.


    ~Alain de Benoist


  6. #5
    Original Ranter
    Points: 83,174, Level: 70
    Level completed: 31%, Points required for next Level: 1,676
    Overall activity: 7.0%
    Achievements:
    Social1 year registeredTagger Second Class50000 Experience PointsYour first Group
    Conley's Avatar Senior Member
    Karma
    7408
    Join Date
    Jun 2011
    Posts
    22,473
    Points
    83,174
    Level
    70
    Thanks Given
    4,582
    Thanked 2,506x in 2,014 Posts
    Mentioned
    236 Post(s)
    Tagged
    1 Thread(s)
    I'm not sure...I wouldn't think private investors. I'll try to track down the original source.

  7. #6
    Points: 28,387, Level: 41
    Level completed: 10%, Points required for next Level: 1,263
    Overall activity: 33.0%
    Achievements:
    VeteranTagger First Class25000 Experience PointsSocial
    waltky's Avatar Senior Member
    Karma
    5335
    Join Date
    Oct 2012
    Posts
    8,126
    Points
    28,387
    Level
    41
    Thanks Given
    1,903
    Thanked 1,812x in 1,384 Posts
    Mentioned
    46 Post(s)
    Tagged
    0 Thread(s)

    Angry

    Granny says, "There dey go again - gettin' us deeper an' deeper in debt...

    Harry Reid on Raising Debt Limit to $18.794T: ‘We’ll Raise It’
    November 7, 2012 -– Senate Majority Leader Harry Reid (D-Nev.) said on Wednesday that if the $16.394 current legal limit on the federal government's debt must be raised in the next few months by another $2.4 trillion, “We’ll raise it."
    That would set the debt limit at $18.794 trillion. During a Capitol Hill press conference on Wednesday, CNSNews.com asked: “Senator Reid, the Treasury Department said last week that we will hit the debt ceiling again near the end of the year. Are you prepared—will you support—" “I don’t think the debt ceiling will come after the first of the year,” Reid said. “But please everyone accept this: They tried it before—they, the Republicans.”

    “They tried it before – ‘We’re going to shut down the government, and we’re not going to raise the debt ceiling,’” he said. “If they want to go through that again, fine." “But we’re not going to be held subject to something that was done as a matter of fact in all previous administrations,” Reid said.

    CNSNews.com then asked, “But will you support raising it by another $2.4 trillion?” “If it has to be raised, we’ll raise it,” he said. On Aug. 2, 2011, Congress and President Barack Obama reached a deal to raise the debt ceiling by $2.4 trillion. Now, after only 15 months, almost all of that additional borrowing authority has been exhausted, according to the U.S. Treasury Department.

    CNSNews.com reported that Treasury quietly announced a week ago that it expects the federal government to hit its legal debt limit before the end of this year. "Treasury continues to expect the debt limit to be reached near the end of 2012," said the 10th paragraph of the "Quarterly Refunding Statement" put out by Assistant Secretary of the Treasury for Financial Markets Matthew Rutherford. "However, Treasury has the authority to take certain extraordinary measures to give Congress more time to act to ensure we are able to meet the legal obligations of the United States of America," the statement said.

    Source

  8. The Following User Says Thank You to waltky For This Useful Post:

    Conley (11-07-2012)

  9. #7
    Original Ranter
    Points: 253,527, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 3.0%
    Achievements:
    SocialRecommendation Second Class50000 Experience PointsOverdriveVeteranYour first Group
    Captain Obvious's Avatar Senior Member
    Karma
    768555
    Join Date
    Jun 2011
    Posts
    72,188
    Points
    253,527
    Level
    100
    Thanks Given
    25,256
    Thanked 34,695x in 23,558 Posts
    Mentioned
    926 Post(s)
    Tagged
    1 Thread(s)
    Reid has zero concept of fiscal responsibility.

    Why would he? He has no ethics and is more than happy to let future generations pay for his decisions today.
    my junk is ugly

  10. #8
    Original Ranter
    Points: 453,633, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 99.9%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Posting Award
    Peter1469's Avatar Advisor
    Karma
    411038
    Join Date
    Jun 2011
    Location
    NOVA
    Posts
    139,515
    Points
    453,633
    Level
    100
    Thanks Given
    80,315
    Thanked 62,007x in 42,464 Posts
    Mentioned
    2137 Post(s)
    Tagged
    0 Thread(s)
    Reid doesn't believe in fiscal responsibility. He believes in fiscal dependency.

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts


Critical Acclaim
Single Sign On provided by vBSSO