Edgetho
Diamond Member
- Mar 27, 2012
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More than 2/3 of our debt is held domestically. Mutual Funds, Banks & other lenders, Pension Funds, State and Local goobermints.
So it's kinda like borrowing money from your Wife.
The biggest Foreign Holder of our debt is Japan. Which makes sense. You can borrow money in Japan for 1 point and buy American Debt that pays 4 points and make billions, risk free.
Interestingly, Japan's debt is 235% of its GDP. We're at 121% so forgive me if I don't get too excited about the debt.
It needs to come down, Bigly. But it's not the End of The World as long as we have an intelligent person (aka: NOT a dimocrap scumbag) handling the economy
So it's kinda like borrowing money from your Wife.
The biggest Foreign Holder of our debt is Japan. Which makes sense. You can borrow money in Japan for 1 point and buy American Debt that pays 4 points and make billions, risk free.
Interestingly, Japan's debt is 235% of its GDP. We're at 121% so forgive me if I don't get too excited about the debt.
It needs to come down, Bigly. But it's not the End of The World as long as we have an intelligent person (aka: NOT a dimocrap scumbag) handling the economy