Sir Christo of Black Mountain on Nostr: npub1cf7vv…wkcss They borrow it from people willing to buy Treasury bonds. That's ...
npub1cf7vv3sqsm9978zpqc0rys8sl6w726wj2sjmzj87zcxnzl8mfjaslwkcss (npub1cf7…kcss) They borrow it from people willing to buy Treasury bonds. That's mostly people, corporations, countries, etc, because our tax revenues are consistent and we pay the interest on the debt regularly. The intragovernmental debt is significant but than the debt held by the public.
The amount held by the federal gov't and states is getting *larger*, though. And we incentivize politicians to spend money we don't have so they can get re-elected. Basically: Disaster.
https://www.thebalancemoney.com/who-owns-the-u-s-national-debt-3306124
The amount held by the federal gov't and states is getting *larger*, though. And we incentivize politicians to spend money we don't have so they can get re-elected. Basically: Disaster.
https://www.thebalancemoney.com/who-owns-the-u-s-national-debt-3306124