Bear in mind that the holders of US debts do not want the debts
paid, only the interest, and in fact want both to increase as they
have consistently since the US government went into hock.
A prime reason holders of US debt fear other countries defaulting
on their debt is that that might become a
On Friday, July 12, 2002, at 12:13 PM, Adam Back wrote:
> Tim describes how US national debt may be as high as US$200k /
> household.
>
> Now some interesting question related questions are:
>
> - who is that debt owed to?
A partial list (not in any particular order, especially not necessarily
Tim describes how US national debt may be as high as US$200k /
household.
Now some interesting question related questions are:
- who is that debt owed to?
- what proportion of current year US tax revenues go to service that
debt?
some of the debt may not be being serviced (no interest paid a
Tim May writes:
> As everyone should know by now, and probably does, the Social Security
> scheme in the U.S. is nothing more than a large Ponzi scheme. Payroll
> taxes, amounting to about 15% of income up to some level (ratcheted
> upwards every few years), go straight into the General Fund, w
On Thursday 11 July 2002 13:32, Tim May wrote:
(Regarding SS and other USG liabilities)
> Charge it...some future generation will pay.
At 02:25 PM 7/11/2002 -0400, Steve Furlong wrote:
>I hope not. Addressing only the SS issue and not other USG debt, I'm
attempting to organize a nation-wide
On Thursday 11 July 2002 13:32, Tim May wrote:
(Regarding SS and other USG liabilities)
> Charge it...some future generation will pay.
I hope not. Addressing only the SS issue and not other USG debt, I'm
attempting to organize a nation-wide grassroots movement. On a
to-be-announced "F-day", e
