Friday, September 12, 2003

National Debt Doesn't Matter Because We Owe It To Ouselves? Wrong.


38% of Treasury Notes Now held By Foreigners.

Foreigners May Not Have Liked the War, but They Financed It


All told, foreigners bought almost 80 percent of the net increase in Treasury and agency debt during the quarter.

EL - Of the remaining 62%, consider that the interests of the American people and institutions holding the debt may not be the same as the non-debtholders.

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