Of the over 20 TRILLION in US DEBT, who has been borrowed from and holds the Most, Social Security
Jan 22, 2020 14:10:01 #
https://www.thebalance.com/who-owns-the-u-s-national-debt-3306124
"""The U.S. Treasury publishes this in the Monthly Treasury Statement.3 The most recent data is from Sep. 2019. Here's the breakdown:
The Social Security Trust Fund and Federal Disability Insurance Trust Fund - $2.887 trillion.
Office of Personnel Management Retirement - $934 billion.
Military Retirement Fund - $931 billion. This has become a big issue in funding our nation's defense and is only expected to grow.
Medicare, which includes the Federal Hospital Insurance Trust Fund and the Federal Supplementary Medical Insurance Trust Fund - $307 billion.
All other retirement funds - $266 billion.
Cash on hand to fund federal government operations - $686 billion. """ More than Japan, China, the UK or any other Country holding US Debt...
"""The U.S. Treasury publishes this in the Monthly Treasury Statement.3 The most recent data is from Sep. 2019. Here's the breakdown:
The Social Security Trust Fund and Federal Disability Insurance Trust Fund - $2.887 trillion.
Office of Personnel Management Retirement - $934 billion.
Military Retirement Fund - $931 billion. This has become a big issue in funding our nation's defense and is only expected to grow.
Medicare, which includes the Federal Hospital Insurance Trust Fund and the Federal Supplementary Medical Insurance Trust Fund - $307 billion.
All other retirement funds - $266 billion.
Cash on hand to fund federal government operations - $686 billion. """ More than Japan, China, the UK or any other Country holding US Debt...
Jan 22, 2020 18:11:42 #
""""The Bottom Line
At the current level of about $22 trillion, the U.S. debt is the highest in the world. Debt owed to the Social Security Trust Fund comprises the bulk of this obligation....""""
https://www.thebalance.com/simpson-bowles-plan-summary-history-would-it-work-3306323
At the current level of about $22 trillion, the U.S. debt is the highest in the world. Debt owed to the Social Security Trust Fund comprises the bulk of this obligation....""""
https://www.thebalance.com/simpson-bowles-plan-summary-history-would-it-work-3306323
Jan 23, 2020 07:28:05 #
The banking system holds a lot of that debt, a big reason why they have so much influence over the federal government.
Jan 23, 2020 16:10:40 #
PH CIB wrote:
What hath Reagan wrought?
Jan 23, 2020 16:11:52 #
RixPix wrote:
What hath Reagan wrought?
Tell us some more fairy tales, please!
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