Question:

Do Americans realize or even care that we owe our biggest rivals billions of dollars?

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In addition to the U.S. treasury report attached, it was reported on NPR today that Russia--yes the nation the current administration is antagonizing--owns huge amounts of shares of Fannie Mae and Freddie Mac (who we now must bail out). They are also one of our largest sources of oil. High foreign debt is a national security threat. http://www.ustreas.gov/tic/mfh.txt

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8 ANSWERS


  1. With this current Republican Administration, No Surprise there  


  2. Not a surprise.

    The US is living on foreigners' money, and the debt continues to grow.

    But not to worry.  Here, have another credit card...now go buy another Iphone.

    Edit: LOL, if the US refuses to pay its debt...its own economy will implode at an even faster pace and then no country will ever want to have anything to do with the US economy.  Good luck funding your military without foreign creditors.

  3. Unfortunately, Americans only listen to carefully-crafted rhetoric, no matter how untrue it may be.  

  4. if we wanted, it is entirely within our rights to declare any such debt null and void.

  5. Well perhaps "our" government should stop spending money they don't have.....

  6. One of the great advantages that goes with owing your rivals money is that you can decide if and when it is paid, who gives a monkeys if Fannie Mae or Freddie Mac goes to the rails, If they had not been so greedy they could have seen this coming.Just like the US investors in China who will be the next to complain  

  7. No.

  8. The majority of Americans don't seem to care as long as the government continues to give them free handouts.

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