To: Norse
First, that is not the people's debt...(he assigns at least 2,000 to every person)...that is the amount of money the government OWES to the people.First, that is the "people's debt." Where does government financing predominantly come from except from the populace?
Second, that is the amount of money government OWES individual investors in treasury instruments, unless it nullifies debt through inflation. Even that spreads the debt over the entire populace.
11 posted on
07/24/2003 10:36:05 AM PDT by
jammer
To: jammer
No, it's not the people's debt. It is the debt the government owes. It would be the people's debt if the government had a surplus and USED that surplus to invest in the private sector. That would be when the PEOPLE owe the GOVERNMENT, and last time I checked, thats socialism. :(
12 posted on
07/24/2003 12:45:40 PM PDT by
Norse
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