I could scream!

[buxbandit]

And...that's a load of shit.

The largest single debtor of the Federal Government is the Social Security Trust Fund, by a long shot. It owns about $3T of the debt. Overall, "intergovernmental" debt is about $6T, and 22% of the total.

The public debt is about 78%, or $21T. All foreign governments COMBINED only have about one-third of that. Japan has more of it than China. Together, Japan and China have about $2.3T, which is less than what Social Security is owed, and is about one-third of foreign holdings.

Here's a breakdown of the "public" debt:

• Foreign: $6.81 trillion (in July 2020, Japan: $1.29 trillion and China: $1.07 trillion, $2.36T total)
• Federal Reserve and government: $10.16 trillion (June 2020)
• Mutual funds: $2.5 trillion
• State and local governments, including their pension funds: $1.14 trillion
• Private pension funds: $819 billion
• Insurance companies: $244 billion
• U.S. savings bonds: $150 billion (June 2020)
• Other holders such as individuals, government-sponsored enterprises, brokers and dealers, banks, bank personal trusts and estates, corporate and non-corporate businesses, and other investors: $1.79 trillion

Overall, China only owes about 5% of the Federal Government's debt, which is less than Japan's share. So, try again.

Fun Fact: For all the hate he gets - Andrew Jackson is the only POTUS to have paid off the national debt.


https://www.thebalance.com/who-owns-...l-debt-3306124

Actually I was speculating on the latest round of debt, but hey, thanks for the fun facts.

[Aggies Coach]

As long as we have ONE homeless Vet, not one dollar goes overseas.

[STBear]

As long as we have ONE homeless Vet, not one dollar goes overseas.

I can agree with this.

[buxbandit]

As long as we have ONE homeless Vet, not one dollar goes overseas.

Rep sent

[Walleye Hunter]

As long as we have ONE homeless Vet, not one dollar goes overseas.

That's something I can agree on but that's just a start.

[Aggies Coach]

That's something I can agree on but that's just a start.

LMAO. I keep telling ya there is lots we agree on. Just from different prospectives.

[donotknowme]

As long as we have ONE homeless Vet, not one dollar goes overseas.

That*s funny since I*ve known 2 vets that chose to be homeless.

I have a novel idea on how to send money overseas. Donate it.

[God's Country]

I think we need four more threads on the topic.

[pens87pgh]

I think we need four more threads on the topic.

Clearly that won't be enough.

[buxbandit]

Clearly that won't be enough.

Perhaps the mods will combine all the rona threads, similar to what was done with the Trump threads.