hedgehog
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Mon Feb-28-11 01:39 PM
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K heard today that half our Federal debt is held overseas, which |
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means that half is held by Americans. This raises a question; are we borrowing money to cover a deficit from the very people we should be taxing?
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JHB
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Mon Feb-28-11 01:43 PM
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A transfer of wealth from the poor, middle, and lower rungs of the top to the very top.
But in Washingtonspeak, it's not "redistribution" if it gets redistributed upward.
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ChairmanAgnostic
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Mon Feb-28-11 01:43 PM
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2. Who is "K"? one of the men in black? |
hedgehog
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Mon Feb-28-11 01:57 PM
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5. That's me, or more properly "I" who types faster than I read. |
rhett o rick
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Mon Feb-28-11 06:04 PM
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11. From now on you're "K". nm |
lumberjack_jeff
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Mon Feb-28-11 01:50 PM
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3. Yes. They'd rather loan us money than pay taxes. n/t |
dmallind
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Mon Feb-28-11 01:53 PM
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4. Do you know who rhe biggest holder of federal debt is - about 1/3 of it? |
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An evil scheming cabal desperate to transfer money from one rapidly shrinking demographic segment to one much smaller but growing even more rapidly.......
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patrice
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Mon Feb-28-11 05:27 PM
Response to Reply #4 |
8. Their solution to Global Climate Change/Warming. |
Pirate Smile
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Mon Feb-28-11 02:12 PM
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6. Biggest holders of US debt: |
hedgehog
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Tue Mar-01-11 01:05 PM
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12. Now my head is really spinning. For example, who owns US Debt, |
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Canada or individual Canadians? If Japan and/or some Japanese are holding US debt, is America or some Americans holding Japanese debt? How does is all come out in the wash?
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valerief
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Mon Feb-28-11 04:58 PM
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7. Who owns it or who controls it? nt |
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Edited on Mon Feb-28-11 05:04 PM by valerief
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jeff47
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Mon Feb-28-11 05:31 PM
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9. No, high income people typically don't have a large investment in T-Bills |
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You're far more likely to find it in pension funds and other places that demand very safe investments.
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patrice
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Mon Feb-28-11 05:38 PM
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DU
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Mon May 06th 2024, 07:27 PM
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