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Old 07-24-2006
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US deficit...

Who does the US owe money too... Do you think that they will get it?

Have you ever bothered to look? Might be surprised.
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Old 07-24-2006
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Umm...actually I have no idea who we owe money to, but I do remember learning in school that we owe trillions of dollars to various countries and they're never gonna get the money...
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Old 07-24-2006
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Could of posted a list to facilitate the convo =) I know we owe trillions of dollars as well that we will never recover but exactly to who and in what amounts I honestly have no idea.
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Old 07-25-2006
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I won't give away the answer.. but some of you who might throw around or debt in war discussions might think about looking it up..
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Old 07-25-2006
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Seriously guys... GO LOOK. I've found that it tends to stick better if people look for themselves.
--------------- Madden 2007 Next Gen football ---------
Don't get me wrong... I'm going to throw that answer out there... But I'd prefer it if people put two and two together on this after looking.
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Last edited by Tigam; 07-25-2006 at 12:41 PM. Reason: Automerged Doublepost
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Old 07-25-2006
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Theres two sides to the National Debt.... The money we owe, and the money other counties owe us.

We keep track of the money we owe, but we dont keep track of the money we are owed and dont ever expect to get it back.

So with that I could care less what we owe other countries. As far as I'm concerned we should charge them all for our services to the World as the "World Police" and call it even.
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Old 07-25-2006
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Yeah.. but it still comes down to WHO do we owe most of our national debt to? Who?
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Old 07-25-2006
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Quote:
Originally Posted by cashpath
Yeah.. but it still comes down to WHO do we owe most of our national debt to? Who?
Exactly... WHO do we owe the money to?
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Old 07-25-2006
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The Federal Reserve Bank?
http://www.brillig.com/debt_clock/faq.html
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Old 07-25-2006
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DING DING... and WHO is the Federal Reserve bank???

That's right.. we are... 40% of our national debt we owe ourselves from borrowing from ourselves.... funny stuff huh?
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Old 07-26-2006
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My left hand owes my right hand money... I wonder when I should pay that off?
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Old 07-26-2006
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Because if we dont' and we keep on printing bills because he need money then doesn't that cause our currency to lose value....

Inflation and such

???
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Old 07-27-2006
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