K heard today that half our Federal debt is held overseas, which

hedgehog

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Mon Feb-28-11 01:39 PM
Original message

K heard today that half our Federal debt is held overseas, which

means that half is held by Americans. This raises a question; are we borrowing money to cover a deficit from the very people we should be taxing?

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JHB

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Mon Feb-28-11 01:43 PM
Response to Original message

1. Precisely.

A transfer of wealth from the poor, middle, and lower rungs of the top to the very top.

But in Washingtonspeak, it's not "redistribution" if it gets redistributed upward.

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ChairmanAgnostic

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Mon Feb-28-11 01:43 PM
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2. Who is "K"? one of the men in black?

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hedgehog

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Mon Feb-28-11 01:57 PM
Response to Reply #2

5. That's me, or more properly "I" who types faster than I read.

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rhett o rick

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Mon Feb-28-11 06:04 PM
Response to Reply #5

11. From now on you're "K". nm

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lumberjack_jeff

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Mon Feb-28-11 01:50 PM
Response to Original message

3. Yes. They'd rather loan us money than pay taxes. n/t

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dmallind

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Mon Feb-28-11 01:53 PM
Response to Original message

4. Do you know who rhe biggest holder of federal debt is - about 1/3 of it?

An evil scheming cabal desperate to transfer money from one rapidly shrinking demographic segment to one much smaller but growing even more rapidly.......

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patrice

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Mon Feb-28-11 05:27 PM
Response to Reply #4

8. Their solution to Global Climate Change/Warming.

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Pirate Smile

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Mon Feb-28-11 02:12 PM
Response to Original message

6. Biggest holders of US debt:

http://www.cnbc.com/id/29880401/The_Biggest_Holders_of_US_Government_Debt?slide=1

(you have to flip through the slideshow)

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hedgehog

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Tue Mar-01-11 01:05 PM
Response to Reply #6

12. Now my head is really spinning. For example, who owns US Debt,

Canada or individual Canadians? If Japan and/or some Japanese are holding US debt, is America or some Americans holding Japanese debt? How does is all come out in the wash?

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valerief

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Mon Feb-28-11 04:58 PM
Response to Original message

7. Who owns it or who controls it? nt

Edited on Mon Feb-28-11 05:04 PM by valerief

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jeff47

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Mon Feb-28-11 05:31 PM
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9. No, high income people typically don't have a large investment in T-Bills

You're far more likely to find it in pension funds and other places that demand very safe investments.

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patrice

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Mon Feb-28-11 05:38 PM
Response to Original message

10. K&R

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