[Toddsterpatriot]

I think he is referring to the billions of dollars of US treasuries that are owned by foreigners.

So, 300,000,000 Americans times $40,000 each equals $12 trillion. I don't suppose you or he have a source that shows foreigners own $12 trillion in Treasuries?

Since We the People are the issuers of such debt, by proxy we owe money to foreigners.

So, by proxy I own a portion of ANWR and a slice of the Grand Canyon? Sweet?

[Snardius]

So, 300,000,000 Americans times $40,000 each equals $12 trillion. I don't suppose you or he have a source that shows foreigners own $12 trillion in Treasuries?

You'll have to check with Mr. Lurk about the numbers. I was attempting to explain the concept...poorly.

So, by proxy I own a portion of ANWR and a slice of the Grand Canyon? Sweet?

Well, yes...but claiming your ownership by proxy of those assets would have as much impact as telling the traffic cop who stopped you that you pay his salary.