6
   

Republicans deliberate public debt scare

 
 
Reply Tue 11 Feb, 2014 01:23 pm
The Republicans have deliberately exaggerated the importance of the public debt.


Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
02/07/2014 12,280,064,393,437.44 4,978,760,297,100.09 17,258,824,690,537.53

http://www.treasurydirect.gov/NP/debt/current

As you can see, the $12,280 trillion debt held by the US public can only be paid by raising taxes, and the Republican house won't do it.

Leaving the intragovernmental Holdings (foreign debt) $4,978 trillion, the only debt to be seriously concerned with.
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Type: Discussion • Score: 6 • Views: 998 • Replies: 5
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woiyo
 
  0  
Reply Tue 11 Feb, 2014 02:33 pm
@Rickoshay75,
Even if one was to buy into your numbers, 4T is OK???

YIKES!!!!
0 Replies
 
parados
 
  1  
Reply Tue 11 Feb, 2014 03:34 pm
@Rickoshay75,
Quote:
intragovernmental Holdings (foreign debt) $4,978 trillion


Intragovernmental holdings are what the general tax fund owes the government trust funds such as Social Security and Medicare.

The 12.28 trillion in public held debt includes the debt held by foreign investors and foreign governments.

This may help explain it better
http://www.gao.gov/special.pubs/longterm/debt/debtbasics.html
0 Replies
 
coldjoint
 
  -4  
Reply Tue 11 Feb, 2014 03:59 pm
@Rickoshay75,
Quote:
The Republicans have deliberately exaggerated the importance of the public debt.


And Obama deliberately lied and done things that are not even discussed in the MSM. Stop your whining. Democrats are destroying the Constitution with the emperors help and you bitch about someone being as political as them?
JTT
 
  -1  
Reply Tue 11 Feb, 2014 08:48 pm
@coldjoint,
When is your grajuation, cj? Can I come? Will your wife & kids be there?
coldjoint
 
  -4  
Reply Tue 11 Feb, 2014 08:54 pm
@JTT,
Quote:
Will your wife & kids be there?


http://alien-earth.org/images/smileys/jesusvomit.jpg
0 Replies
 
 

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