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<blockquote data-quote="ShaunyP26" data-source="post: 2962051" data-attributes="member: 42035"><p>Yes, but you also forget that a majority of US households, businesses, and other government agencies even are active lenders to the US government so it's also a source of wealth to Americans too. We don't owe all our debt to foreigners. (Not even close.) We mostly just owe it to ourselves, so it nets out. This is why the US government is not equivalent to a household. Only foreign ownership counts as a drain on overall national wealth. </p><p></p><p>This should help clear it up. </p><p></p><p><a href="https://www.thebalance.com/who-owns-the-u-s-national-debt-3306124" target="_blank">https://www.thebalance.com/who-owns-the-u-s-national-debt-3306124</a></p></blockquote><p></p>
[QUOTE="ShaunyP26, post: 2962051, member: 42035"] Yes, but you also forget that a majority of US households, businesses, and other government agencies even are active lenders to the US government so it's also a source of wealth to Americans too. We don't owe all our debt to foreigners. (Not even close.) We mostly just owe it to ourselves, so it nets out. This is why the US government is not equivalent to a household. Only foreign ownership counts as a drain on overall national wealth. This should help clear it up. [URL]https://www.thebalance.com/who-owns-the-u-s-national-debt-3306124[/URL] [/QUOTE]
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