https://www.thebalance.com/who-owns-the ... bt-3306124
I thought this was interesting..and informative
I thought this was interesting..and informative
bball":5e52r6ze said:https://www.thebalance.com/who-owns-the-u-s-national-debt-3306124
I thought this was interesting..and informative
Operates much like your local bank. You pay off a note, the immediately lend the money to someone else. You redeem a treasury note, they pay you off and issue another that someone else or maybe even you may buy. Just different yield and maturity. Nothing but electronic transactions. SS is actually being smart by investing in U.S. debt. (and all this time you thought the gov't was robbing the SS fund). :lol2: :lol2:Caustic Burno":1an8h6az said:bball":1an8h6az said:https://www.thebalance.com/who-owns-the-u-s-national-debt-3306124
I thought this was interesting..and informative
The government has been putting IOU's in that box since LBJ.
Take that back Ike bailed out the Post Office first with it.