Aldo Raine
Gold Member
- Aug 8, 2017
- 12,682
- 3,899
Intragovernmental Holdings. This is the portion of the federal debt owed to 230 other federal agencies. It totals $5.6 trillion, almost 30 percent of the debt. Why would the government owe money to itself? Some agencies, like the Social Security Trust Fund, take in more revenue from taxes than they need. Rather than stick this cash under a giant mattress, these agencies buy U.S. Treasury's with it.
Click to expand...
The Real Owner of the U.S. Debt Will Surprise You
-------------------------------------------------------------------------------
We have to pay for our overinflated military somehow.
It is that UUUGE military budget that is bankrupting this nation. But we need to cut SS and medicare and Medicaid.
Yes, I'm sure the Republicans want to piss off one of the largest voting blocks in our country. After all, even if you are not a Senior citizen, most have parents or grandparents who are. It makes no sense. Reform? What's wrong with making the systems run more efficiently? Medicare fraud costs about 140 billion dollars a year which is more than 10% of the Medicare budget.
If by reform you mean cutting benies AND raising the age to collect said benies then yup sounds great!