Who Really Owns the United States Inc. National Debt?

Who Really Owns the United States Inc. National Debt?
Author: Don Kilam
Publisher:
Total Pages: 181
Release: 2021-10-10
Genre:
ISBN:

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The U.S. national debt exceeded $28 trillion in 2021.1 One thing that many people may not know is that the Social Security Trust Fund owns a significant portion of that national debt. So how does that work and what does it mean? Inside we'll dive into who actually owns the U.S. national debt and how that impacts you.

No More National Debt

No More National Debt
Author: Bill Still
Publisher:
Total Pages: 270
Release: 2011
Genre: Debts, Public
ISBN: 9780964048522

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Sovereign nations do not have to borrow their money into existence, yet the United States has been deceived into doing so since 1913. The compounding interest on this debt is now growing logarithmically and cannot be sustained. Unfortunately, we cannot just pay down the National Debt. All our money except for coins -- is created out of this debt. Under this debt money system, to reduce the debt is to reduce the national money. The only solution is to restructure our monetary system to forbid government borrowing. Fortunately, this is nothing new. The U.S. and other nations have done it before.The truth is that nations do not need to borrow. Nations can create. Creating the nation's money is the most important power of a sovereign country. The National Debt and the resulting interest payments are what is killing every economy on the planet, impacting the poorest nations with starvation. No More National Debt should be the battle cry for a new human rights movement.

White House Burning

White House Burning
Author: Simon Johnson
Publisher: Vintage
Total Pages: 386
Release: 2013-02-12
Genre: Business & Economics
ISBN: 0307947645

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From the authors of the national bestseller 13 Bankers, a chilling account of America’s unprecedented debt crisis: how it came to pass, why it threatens to topple the nation as a superpower, and what needs to be done about it. With bracing clarity, White House Burning explains why the national debt matters to your everyday life. Simon Johnson and James Kwak describe how the government has been able to pay off its debt in the past, even after the massive deficits incurred as a result of World War II, and analyze why this is near-impossible today. They closely examine, among other factors, macroeconomic shifts of the 1970s, Reaganism and the rise of conservatism, and demographic changes that led to the growth of major—and extremely popular—social insurance programs. What is unquestionably clear is how recent financial turmoil exacerbated the debt crisis while creating a political climate in which it is even more difficult to solve.

Temporary Increase in Debt Ceiling

Temporary Increase in Debt Ceiling
Author: United States. Congress. House. Committee on Ways and Means
Publisher:
Total Pages: 120
Release: 1962
Genre: Debts, Public
ISBN:

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Hamilton's Blessing

Hamilton's Blessing
Author: John Steele Gordon
Publisher: Walker
Total Pages: 224
Release: 1997-02-01
Genre: Business & Economics
ISBN: 9780802713230

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Measured at the staggering amount of $5.1 trillion (and growing every day) the national debt is unfathomable to most Americans. What we may not realize is that the United States was born out of debt. After the Revolution, the brilliant Alexander Hamilton was less interested in paying down the Revolutionary war debt than in using it to create a vibrant national economy. "If it is not excessive," he declared, "a national debt will be to us a national blessing." In a fascinating narrative brimming with colorful characters, historical accidents, and American ingenuity, business historian John Steele Gordon leads us on a tour of an American institution whose largely unknown story has been integrally entwined with our country's destiny. At key points in U.S. history, Gordon shows how the national debt has been a potent instrument of fiscal policy in keeping the world safe for democracy. But how much debt is too much? At a time when we despair of balancing even a single year's budget, Hamilton's Blessing provides much needed perspective - and hope. * Author writes the "Business of America" column in American Heritage magazine and is heard often on public radio's "Marketplace."

The National Debt and Government Credit

The National Debt and Government Credit
Author: Twentieth Century Fund. Committee on Government Credit
Publisher:
Total Pages: 202
Release: 1937
Genre: Credit
ISBN:

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Forgive Us Our Debts

Forgive Us Our Debts
Author: Andrew L. Yarrow
Publisher: Yale University Press
Total Pages: 185
Release: 2008-10-01
Genre: Business & Economics
ISBN: 0300145330

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In this immensely timely book, Andrew Yarrow brings the sometimes eye-glazing discussion of national debt down to earth, explaining in accessible terms why federal debt is rising (and will soon rise much faster), what effects it may have on Americans if debt is not brought under control, why our government borrows, and what it will take to pay it all back. The picture Yarrow paints should concern all Americans. Specifically, he brings to light how rising Medicare, Social Security, and other spending on one hand, and insufficient government revenues on the other, make a mockery of fiscal responsibility. Deficits and debt, Yarrow asserts, are crowding out spending on needed investments in science, environment, infrastructure, and other domestic discretionary programs and could severely harm our nations and our citizens future. But he makes clear that this does not have to be a doomsday scenario. If we act in a bipartisan fashion to restore fiscal health, our legacy to the next generation can be much more than trillions of dollars of IOUs.

Debt Bomb

Debt Bomb
Author: Michael Ginsberg
Publisher: BQB Publishing
Total Pages: 368
Release: 2021-07-01
Genre: Fiction
ISBN: 1952782090

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"A deftly crafted thriller that kept me turning pages---through politics, money, and murder---to the ending I didn't see coming." - Chris DeRose, New York Times Bestselling Author of The Fighting Bunch. A political thriller, tied in to real events, about an apocalyptic threat to America that is ticking remorselessly in the background while Americans continue their daily routines, oblivious to the danger. For years, China's spy agency has been watching the United States rack up trillions of dollars in debt, waiting for the right moment to weaponize that debt to collapse the American government and install a Communist puppet regime. At the same time, suburban accountant Andrea Gartner has been an outspoken critic of the debt as a leader in the South Carolina state Republican Party. When the United States elects President Earl Murray, he brings Andrea into his government as budget director to solve America's debt problem. But before the nameplate is even installed on her office door, China strikes, engineering an American debt crisis that brings the country to the brink of collapse. Government operations come to a screeching halt. With the American hegemon on its knees, China violently seizes the opportunity to fulfill its territorial ambitions in Taiwan and the South China Sea. Thrust into the rapacious, cutthroat world of American politics and surrounded by crises on all sides, Andrea begins a desperate effort to save the United States. Arrayed against her are cynical politicians and belligerent military brass, some of whom just might be secret Chinese agents. Will Andrea be able to keep the United States alive to fight another day? Or will America drown in a sea of red ink at the hands of the Chinese and see its democratic government replaced by a Chinese Communist puppet regime? American life as we know it is about to be obliterated by a debt bomb. And the only person who can save the country is a suburban accountant.