Posted on 12/06/2017 9:05:48 AM PST by Kaslin
Yes. $172,000+ per taxpayer btw. The figures were on Varney.
That figure sounds accurate. But we owe it to the Treasury. Congress authorizes the debt, the Treasury Dept issues bonds to equal that debt. We end up paying interest on that debt through our taxes. If you own Savings Bonds or T-bills you at least get some of that money back.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.