Fact of the Day: The Largest Holder of US Government Debt is Not the Chinese
Of the $14T in US Government debt, $4.6T of it is held by..... surprise...... the US Government itself through "borrowing" from the Social Security "Trust Fund." That's right, your Social Security retirement fund is being confiscated to pay for the day to day operations of the government in exchange for a bunch of promissory notes stored in a filing cabinet in Parkersburg, WV. Does that scare you? It probably should.