John Lott's Website: Who holds the US government's debt?

11/23/2009

For all the discussions about the Chinese holding our debt, it is a relatively small portion of the total.

This shows you how much of a burden we are imposing on future generations. Obviously, the White House estimates are relatively optimistic.

edwardveiga said...: I predict, given that nothing will be done until the Treasury is within days of bankruptcy, that an emergency session of Congress will then slash social security and Medicare benefits to anyone with a resemblance of membership in the middle class or above. I.e. the first major default will be on promises the federal government made to its citizens.; 11/23/2009 6:51 AM
Mike Gallo said...: I might take that bet, Edward; what's the over-under on the household income cap for getting screwed?; 11/24/2009 9:00 AM

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John Lott's Website