Quote:
Originally Posted by Guest
I was shocked to discover that first of all Japan owns slightly more of our debt than China does but, more important together they only hold about 20% of our national debt. SOCIAL SECURITY OWNS 42% OF THE NATIONAL DEBT.
|
Remedial math-----SS trust fund is 2.7 trillion, national debt close to 19 trillion. Try 14% instead. But, the majority of the debt is owned by American citizens by way of 401Ks and mutual funds, as well as bank and insurance company holdings.