Who holds the US government's debt?

[Matt Collins]

SOURCE:

https://www.voronoiapp.com/debt/Visualizing-the-Major-Holders-of-Americas-Debt-3252

 

[oyarde]

All of it but 22 percent is on american citizens( fed) , american financial institutions, pension funds , insurance companies etc which is why youve been experiencing third world inflation

 

[fisharmor]

And I still don't understand why default isn't the best long term option to deal with it.

 

[PAF]

And I still don't understand why default isn't the best long term option to deal with it.

Control.

 

[Matt Collins]

And I still don't understand why default isn't the best long term option to deal with it.

Because then they couldn't borrow even more in the future.

 

[oyarde]

And I still don't understand why default isn't the best long term option to deal with it.

I suppose you may maintain Social Sec , medicare and some sort of navy and eliminate all remaining fed govt and do it because itd need to be balanced budget after

 

[Matt Collins]

SOURCE:

https://www.voronoiapp.com/debt/Global-Government-Debt-Soars-to-102T-in-2024--3333

 

[Invisible Man]

Can someone explain how the $7T of intragovernmental debt works?

Shouldn't that be a net zero, where there's a negative on the ledger of one agency that is a positive on the ledger of another agency?

What would happen if the federal government just forgave itself of that debt? Would the national debt instantly go down by $7T?

 

[oyarde]

Can someone explain how the $7T of intragovernmental debt works?

Shouldn't that be a net zero, where there's a negative on the ledger of one agency that is a positive on the ledger of another agency?

What would happen if the federal government just forgave itself of that debt? Would the national debt instantly go down by $7T?

Up two trillion from decade ago . All in trust govt funds , accounting . So no I dont imagine so because it would need to be in budget from said agencies, 38 maybe percent owed to social sec ( about 2.6 trillion) , one of few programs actually tax pd, same w/ most , gas tax funds for rds , medicare funds, and federal pensions. Actually it is 7 trillion needing to be added to unfundedliabilities since stolen from funded liabilities

 

[oyarde]

Can someone explain how the $7T of intragovernmental debt works?

Shouldn't that be a net zero, where there's a negative on the ledger of one agency that is a positive on the ledger of another agency?

What would happen if the federal government just forgave itself of that debt? Would the national debt instantly go down by $7T?

Up two trillion from decade ago . All in trust govt funds , accounting . So no I dont imagine so because it would need to be in budget from said agencies, 38 maybe percent owed to social sec ( about 2.6 trillion) , one of few programs actually tax pd, same w/ most , gas tax funds for rds , medicare funds, and federal pensions monies Actually it is 7 trillion needing to be added to unfunded liabilities since stolen from funded liabilities , I guess it was stolen and diverted to israel , ukraine , bidens , obamas solyndra, killing oil leases , f a g s and UnAmerican activities.Certainly no noble cause like giving me a .50 Cal and .30 Cal MGs and a couple BARS