national debt

OK, the $20 national debt isn't true, but he did pay it off, the only time in the history of the country.

Unsustainable.

No one is gonna be collecting this debt. That's for sure.

Ah, to live in the 1900's.

$4.5 trillion of the federal debt is held by the Federal Reserve (they "created" the money to buy the bonds). Other governments (China, Japan, etc.) hold several trillion of our obligations.

Technically, but all profit go to the U.S. Treasury.

Not quite. The US Treasury only owns part of it. The rest are private. The best scam ever!

All profits from operations go to the U.S. Treasury. Look it up. Cheers!

Then what was Ron Paul's deal wanting to nationalise the Fed?

I believe he wanted to audit the Fed, not nationalize it. He, and others, want the decisions that the Fed makes to be under Congressional review...taking away it's independence.

All just to keep the wheels spinning. lol

Its not only the government who is addicted to credit

I have two credit cards for convenience. The balance is reduced to zero every month. Hbu?

America was at 8 trillion debt before Obama was in office. It took us over 230 year to spend that money. In 8 years Obama raised the national debt to 20 trillion. #Facts