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    3. the national debt is approx. 15 trillion dollars. what part do we owe to whom?
    the national debt is approx. 15 trillion dollars. what part do we owe to whom?

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    0  Views: 438 Answers: 2 Posted: 14 years ago
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      http://www.foxnews.com/politics/2012/09/04/who-do-owe-most-that-16-trillion-to-hint-it-isnt-china/

      13 years ago. Rating: 5
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        Most of the National Debt held by U.S. individuals, Social Security and US Institutions and owned by the U.S. Federal Reserve


        Currently the Federal Reserve Bank is buying 40 Billion in new Government Bonds every month from the US Treasury. That is known as Monetizing, much like you paying one of your Credit Cards with money borrowed on one of you other Credit Cards.


        That is why interest rates are less than 1% to 2% and everything you buy is going up in price and Inflation is nearly 4%


        Actuaries are predicting inflation to double if Obama is re-elected and the reason companies are not growing or taking on new employees


         


        13 years ago. Rating: 1
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