The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Skeeter Bug who wrote (234034)	12/23/2009 11:21:42 AM
From: GraceZ	Read Replies (2) of 306849

Who is going to lend to a bankrupt government Apparently almost everyone considering how widely held US Treasury debt is held. Most of the accrued liabilities are debts we owe to ourselves in the form of promises made to people in the form of SS, government pensions and Medicare. The external government debt, debt we owe to people outside the US, is still a fraction of the GDP. Of course, if the current administration keeps on course, it could be a multiple soon. Edit: BTW the amounts that they've promised us in benefits and the amount I supposedly owe (using your figure here of 1.25 million) is about equal so I'm more than willing to call it a wash if they will.

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