Here is roughly how the National Debt is broken down. Roughly because it changes over time.
A percentage of debt.
U.S. individuals and institutions 30.4%
U.S. Social Security Trust Fund 16.7%
U.S. Federal Reserve 10.8%
U.S. Federal Services Retirement Fund 5.6%
U.S. Military Retirement Fund 2.4%
China and Hong Kong 8.1%
Japan 7.0%
Oil Exporters 1.7%
Brazil 1.6%
UK 0.9%
All other nations 14.8%
As you can see, U.S. individuals and institutions own 30%, government agencies own over 35%. Out of that $17 trillion debt, we owe ourselves over 65%. Which part of that debt do you think they would abolish if they had the chance? Think they'd hurt their oil exporting buddies? How about the overseas sweat shops who manufacture your clothing these days? No, my guess is they'd abolish the Social Security System, Federal Retirement accounts, and pat themselves on the back for a job well done.
Really are you trying to make a point here? ...if youwere to make a point about the debt...you should have on that
A.) Discusses any plan to reduce the debt
B.) What is the debt number.
Personally I give my money...in taxes...based on current salary over 50 percent...and with as little as I make...idont think any of you lefties would even consider paying this much in taxes.
The debt is a 17.1 trillion and rising everytime Obama raises the debt ceiling...it was 10.6 when he started...in fact since Oct 15 Obama has spent almost one half of a trillion dollars..since the democrats controlled 2/3rd of the whites...either Senate, House or Presidency or all three the debt has risen 8.5 trillion dollars...you want to have a real conversation...you tell us how are you going to pay back the debt....
And here is the effen real conversation...guesss how much debt we would incur if politicians had to pay back overages out of their own pocket....none and you know it. We would never be having this convesation.
Personally if the goverment runs no debt...and recieves income...they could spend the money left over after supporting our military and emergency services on anything they like...if they want to give a grant to check the sizes of monkey nuts...wouldnt care...but if they are running a debt...a burden to be bared by the tax payer due to washington's mismanagement...then no I have a say...balnce the budget...and pay off the debt.