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It is ParsingWordsTimeTM again.

"...largest overseas holder of Treasuries."

Indeed, that is true according to this chart:
http://www.treas.gov/tic/mfh.txt

But to be clear, so that we can address all the boogie-men (and women, and others) at one time, we should be clear...According to the chart on page 48 at:
http://www.fms.treas.gov/bulletin/b2008-4.pdf

Total Public Debt - 10,025 Billion
Foriegn and International - 2,862 Billion

What is the rest, pray tell? A lot of it is the government loaning money that it has borrowed from its future self, or something like that. For example, the Social Security money is there...kind of...it has actually been spent in the napalm-soaked forests of Viet Nam and the Depleted Uranium saturated sands of West Asia...but since it loaned that money to the Feds, it is actually borrowing that somehow as well.

I'm still too shook up - having just learned that I pay taxes to the two largest suppliers of the weapons 'sold' to Israel, France and the US - I can't be expected to figure this out.

Googling "House of Freaking Card with No Chance of Holding Up or Getting Rebuilt" gave me "See Roman and English Empires"

Never underestimate their intelligence, always underestimate their knowledge.

Frank Delaney ~ Ireland

by siegestate (siegestate or beyondwarispeace.com) on Thu Jan 8th, 2009 at 07:25:46 AM EST
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