Who holds the vast majority of the debt of the government of the United States?
Hint: it's not China, the UK or any other foreign government.
It's us silly. We owe ourselves. :)
Hint: it's not China, the UK or any other foreign government.
It's us silly. We owe ourselves. :)
The only potential problem here is that "we owe ourselves" simplifies things given that some individuals are owed much more than others, i.e. there's inequality. Other than that? The whole debt charade is just political groups weaponizing (and perpetuating) the lack of fairly basic macro-economic understanding in the population.