this post was submitted on 28 Mar 2024
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One point that few people mention when talking about the US debt is that about $13.8 trillion of it is owned by the government itself. Much of the rest is owned by US citizens, and thus does not represent a liability to the American nation itself. For a more rational government, the debt problem would be relatively easy to solve, though this one seems intent on using it as an excuse for austerity.
exactly