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Who owns our debt?
Posted By Stith, Bertie On July 27, 2011 @ 12:56 pm In Opinion | No Comments
by Congressman Sam Graves
When the United States does not take in enough money to pay for our debts we have to borrow money. Right now our government is $14,290,000,000,000 in debt. It’s a staggering amount that has sky-rocketed. In 2000, our debt was $6 trillion and in 2008 it was under $10 trillion.
Just like money that you and I might borrow from the bank, there is an interest
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