Who owns American debt

Not news, but it’s nice to see Yahoo! News try to explain these things to people who watch too much cable news and listen to talk radio too much. No matter how much those pundits moan about how China owns America now or whatever, most US debt is owned by Americans. A good deal of it is owned by the US government.

The comments on Yahoo are usually discouraging, to say the least. But it’s nice to see their usual suspects be forced to look a fact in the face and try to deal with it.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: