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Posted on 3/25/15 at 10:19 am to cas4t
quote:
it's not like a household's debt
that's why all of the examples on the internet comparing it to a household debt is absurd and you'll see grandma re-posting it on fb
It's a gross oversimplification certainly, but you do understand that consuming more than you produce is a recipe for disaster, right?
Posted on 3/25/15 at 10:24 am to cas4t
There are so many pieces to the national debt. AT the end of the day though, it falls to the Treasury. Currently, roughly 47% of the debt is owed to foreign investors, with China and Japan being the two largest.
What I meant in the last post was that people don't understand that there will always be a national debt. I was being somewhat facetious when I asked if people thought we would pay it off. *probably a tad wreckless to add that last part. But I do love trolling, it is fun.
What I meant in the last post was that people don't understand that there will always be a national debt. I was being somewhat facetious when I asked if people thought we would pay it off. *probably a tad wreckless to add that last part. But I do love trolling, it is fun.
This post was edited on 3/25/15 at 10:26 am
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