Too many Commercials!!... Stop It!!
- Thread starter DirectDishNet
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Do some research. Only about $7.7 trillion of the US debt is foreign held. The largest holder of that is currently Japan, followed by China. The US has not had zero debt since a brief period in 1835-36 under President Andrew Jackson.
"According to the Treasury Department, foreign governments hold about $7.7 trillion in U.S. debt, though no country holds more than 5% of the total. As of the end of November, the most recent data available, Japan was the largest foreign holder of U.S. debt, with $1.3 trillion. China was the second-largest holder of U.S. debt, with $1.1 trillion, while the United Kingdom was in distant third place, with $622 billion."
US National Debt Tops $30 Trillion for First Time in History
America now counts as one of the world's most indebted countries, with liabilities that amount to nearly 130% of GDP
www.voanews.com
I don't care either way about PBS or NPR's perceived politics. Fox News is a private business that exists for one purpose only, to make as much money as possible for their shareholders. Just like every other corporate enterprise. I may disagree with the entertainers Fox uses to make that money, but I do understand why they do it...
It's obvious we're not going to agree. So let's agree to disagree.
It's easy enough to verify the data with the Treasury Dept.
I didn't say it went down during Carter's term in office, just that there were years it didn't go up.
I deleted the latest posts as being political, or quoting political.
Lets remember, there is a forum available for discussing the political aspects of these topics.
Lets remember, there is a forum available for discussing the political aspects of these topics.
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