NAFI

U.S. Debt Is Staggering, But Not Unprecedented

most people here are also missing the fact that US global business did not exist during WWII. Those countries that are buying our debt securities do so to to assure that we do not go out of business. Foreign owned debt will continue to increase as long as we have business' overseas. You want foreign owned debt to decrease then start some business and produce here (Tree Huggers!)

The entire 10 trillion is backed by securities bought and paid for by domestic and foreign entities. It is to their benefit to not see us go down since the only thing that will happen is that their investments crash and they end up in the same situation as the US.

This issue has been beaten to death and a ton of people spreading a ton of bologne love to talk about it.

Toro - do me a favor and write about how borrowning from yourself is not necessarily debt that needs to be repaid as long as you borrow for certain things. You vest your time in the certain things part! Thanks