I don’t have much to comment about this article. The reason for this post is to simply mark a level of debt to foreign entities the US has. I’ve done this a couple of times, and will continue to do so, periodically. There are so many misconceptions about the foreign holdings of our debt, I think, from time to time, it’s worthwhile to simply put the truth out there.
Don’t get me wrong, our debt in general is alarming. It signifies a horrible negligence of duty in both the congress and the presidency. Not only the current branches, the negligence of duty has gone on for years.
And, the level of foreign holdings of our debt is unacceptable. Indeed, I believe it should not be allowed. But, it isn’t as bad as many people believe and are led to believe.
So, there’s this …….
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