This "national debt" has no legs and is a Liberal PUFF of transparent smoke from the ass of the Marxist socialist think tanks...
So... If I'm holding t-bills they aren't really worth anything? That will be very interesting to our friends in China and Saudi Arabia the next time there's an auction.
Pssst. rabble100 says the US doesn't really have to pay us back....
Now as I recall this particular administration requires half a trillion a year just to stay afloat. Where ya figure that's going to come from?
America and too many Americans have become addicted to debt. Every citizen now bears a burden of over $175,000 in federal liabilities and unfunded promises.
And with 78 million baby boomers reaching retirement, guess which generation is going to be left with the IOU's?
rbl100: with The USA, the world is in shambles. Look at all the sovereign nations that The USA has overthrown and destroyed their environment. This is at the behest of The Federal Reserve/IMF owners.
Of course, the debt is phony, but you support it, just as you support the Marxist PNAC.