[jd777]

Pathetic. The article says the u.s. debt is owed to the the american people. That would be true only if these people own U.S. treasury bonds. Period. The U.S. Public debt is owed to the holders of those U.S. Treasury bonds. Nobody else. The government has to make interest payments on it's 6.7 trillion dollar public debt. You would know if the debt is owed to you, you would have received an interest payment.

Now the worst part of this is that the author claims our debt is owed to the "american people". Don't you feel richer already? What this nut job doesn't mention is that 40% of the U.S. treasury bonds are held by foreign investors and institutions. those are not american people. They might be very nice. But they ain't american. Basically, this author is either misinformed or he is a liar.

[mnehring]

The article says the u.s. debt is owed to the the american people. That would be true only if these people own U.S. treasury bonds. Period. The U.S. Public debt is owed to the holders of those U.S. Treasury bonds Where do you think that banks, companies, and other investments hedge much of their capital? Like it or not we are all tied to T-Bonds than you realize. T-Bonds provide short and long term stability to most of our employers. T-Bonds keep the US dollar strong against a ever-changing world-wide economy. Don't agree, most economists will tell you that the recent slip in the dollar is due to the EU offering an alternative to the US T-Bond that has not been seen before. It shows how closely our economy has been tied to T-Bonds.

[mnehring]

What this nut job doesn't mention is that 40% of the U.S. treasury bonds are held by foreign investors and institutions. And this is bad? What this means is that the world realizes that the US economy is the safest place to hedge your capital. This gives the world a vested interest in the strength of the US economy. This also gives the US economy a way to gain capital with out having to pass all the burden on to the taxpayers. The world is vested in us, thus they should, and do invest in the betterment of the US. The lefties are wrong whey they say that we need the rest of the world, in reality, the world needs us.

[Ditto]

"That would be true only if these people own U.S. treasury bonds."

If you pay Social Security taxes, you own US treasury bonds by default.