Your indoctrination manual needs updateing!!!

Fanta Buddy..didn't want to hijack your thread from Mr Hair to economics...sorry my friend

I'll be a quiet, and be a good liberal now

Intragovernmental holdings account for over $3.79 trillion of the total debt at this time. (thats money the government created out of thin air through the FED Reserve)

The remaining $5.04 trillion or so has been purchased by the public, including foreign entities. This largely comes from the issuance of U.S. Treasury securities.

At the end of 2006, foreign holdings of Treasury debt were $2.223 trillion, which was 44% of the total debt held by the public.

Foreign central banks owned 64% of the Federal debt held by foreign residents; private investors owned nearly all the rest

(figures are from the Analytical Perspectives of the 2006 U.S. Budget, page 257 and the U.S. Treasury website).

I have no idea where you got your information???

"Im not going to repost it just for your education redwine. but China holds 47% of our National Dept! Look it up!!!"

How is that a bad thing? If we were smart, we would all retire and take turns printing money, which would then be brought up by China and Japan and they would hold onto it. Until they actually spend the money, it costs us nothing.

Fanta did make a good point...Hillary and Obama are unelectable.

Being a redneck is not exclusive to the Southeast.

There are FAR too many rednecks who will NEVER vote for a woman or black person regardless of which political party they represent. Unless someone better comes along, I'm afraid Edwards is the Democrat's best chance. Even more frightening is the fact Fred(Lazy and Lovin' It)Thompson may win the whole thing. If that's the case, the question, "Who could be worse than Bush" could be answered in January 2009.

Fanta..not sure what your latest figures are meant to show...I agree with them...??????????

OK, I should have said 50% of the national debt owned by foreign countries!!!

Knox, did you just call me a redneck????

Fanta, If I was calling you that, I'd have to say, "FELLOW redneck" !

Ok Bud..
Just for anyone interested..just found this on About.com..it gives a good insight into our debt, how other countries compare, who has are debts etc etc. It uses multiple sources t and is easy reading

oops..forgot to post site...lol

http://useconomy.about.com/od/fiscalpolicy/p/US_Debt.htm

Wonder if Joe Leiberman will run as an independent???

I just hope he runs far away

Well given the choice of Hillary, obama and the Mr. Hair..he would be win by landslide

I rather have Hair than a Bush

Are you saying Hillary has a bush?

I didn't look, but I won't put it past her.

She probably has one under each arm!!!!

Hey Andrea!

LMAO Fanta

Hi Glen

Obama has a palm tree then?