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No matter how you slice it the money is owed and the interest is very real
and if you don't fall into the group of recipients you aren't owed anything.
To suggest that this debt is no big deal is very wrong. You can't make true
wealth out of nothing it must be produced. When a debt gets too large,
producers will not produce and provide something unless there is a
compensating value to pay for it with. Just as when your credit card is over
the limit, noone will do business with you.
Brent
>funny, no one ever says whom
>this debt is owed to?
>
>Kohath
>
>It's is owed to 'you', through pension funds for your retirement,
>insurance companies to pay out on life insurance, zeroes held to pay for
>college, Treasury Bills held by corporations in which you hold stock.
>Thru direct and indirect means, the American people are the main holders
>of Treasury debt.
>
>That is why I feel there is not enough attention paid to the relatively
>small percentage of debt held abroad. This fraction (I think someone
>here stated 13%, but I admit I don't have a figure handy) is the part
>without the 'owing money to myself' effect.
>
>Regards
>DanG
>
>
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