«
»


    • Leave A Comment

    Subscribe
    Notify of
    8 Comments
    Inline Feedbacks
    View all comments
    kim

    How does one “own” debt? I can owe, or be owed, but can I own debt?

    0
    tiki god

    Sure, it’s like what happens when you have a credit card. That debt that you have is ‘owned’ by the credit company, and can be transfered to someone else, say a collection company or another credit card company.

    0
    phil

    Buy some treasury notes. Congratulations, you now own some U.S. debt.

    0
    Anonymous

    When Bush was trying to privatize Social Security, he gave a bunch of speeches warning about how S.S. was going to go broke in fifty years or so. In one of his speeches, he said that he’s looked in the Social Security accounts, and all that is in there are a bunch of worthless IOUs. He was trying to scare people into thinking the system is broke today, but what he was referring to were Treasury Bonds. I think it’s funny that a sitting President would try to score political points by calling US Treasury Bonds worthless.

    0
    LordOpie

    What I don’t understand is how does the US Govt own $3trillion? The govt borrows the money, yeah? So why not just do some accounting and reduce the debt by that amount?

    I understand why the Fed Reserve does… so they can manipulate interest rates.

    I hadn’t seen the numbers so it’s interesting that China holds a lot less than what the media had led me to understand.

    0
    kim

    Thanks, tiki god! I understand it now. wow.

    0
    Anonymouse

    Opie– the real issue with China… well, to be honest the real issue for America in general… isn’t the debt (although it’s played up in the media), it’s the trade deficit.

    0
    Advertisements Alcohol Animated Images Architecture Art Awesome Things Batman Bikinis Black and White Cars Comic Books Computers Cosplay Cute As Hell Animals Donald Trump Drugs Fantasy - Science Fiction Fashion Food Forum Fodder Gaming Humor Military Motorcycles Movie Posters Movie Reviews Movies Music Music Videos Nature NeSFW Politics Religion Science! Sexy Sports Star Trek Star Wars Technology Television Vertical Wallpaper Wallpaper Weapons Women WTF

    480 x 360 500 x 281 500 x 375 500 x 500 500 x 750 600 x 450 600 x 600 600 x 750 600 x 800 600 x 900 640 x 480 640 x 640 640 x 800 640 x 853 640 x 960 720 x 720 720 x 960 750 x 600 800 x 600 800 x 800 960 x 720 960 x 960 1024 x 683 1024 x 768 1080 x 1080 1080 x 1350 1200 x 630 1200 x 800 1200 x 900 1280 x 720 1280 x 800 1280 x 960 1280 x 1024 1440 x 900 1600 x 900 1600 x 1200 1680 x 1050 1920 x 1080 1920 x 1200 2048 x 1536 2560 x 1440 2560 x 1600 3024 x 4032 3840 x 2160 x

    ABoringDystopia Amoledbackgrounds AnimalsBeingDerps ATBGE awfuleverything Celebhub Celebs CityPorn comicbookart conceptart cosplaygirls Cyberpunk EarthPorn Eyebleach Faces FreckledGirls funny General Uploads gentlemanboners hmmmm Images Sub Space ImaginaryStarships ImaginaryTechnology InfowarriorRides interestingasfuck MarchAgainstNazis marvelstudios MCS Plus memes MilitaryPorn nocontextpics OldSchoolCool pictures PoliticalHumor PrequelMemes PropagandaPosters RetroFuturism sbubby StarshipPorn startrekmemes Storminator Super News Thanks I Hate It UrbanHell wallpaper