Economy
America owes trillions to itself
HERE’S THE INTERESTING PART
If you genuinely think the national debt is just America owing big piles of money to China, prepare for a massive accounting headache. The US government actually owes trillions to itself, specifically to internal trust funds like Social Security. It’s the macroeconomic equivalent of taking cash from your left pocket, putting it in your right, and writing yourself a stern IOU.
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