(11-16-2024, 06:20 PM)mikesez Wrote:

(11-16-2024, 05:18 PM)Jag149 Wrote: This is a chart that shows who holds public debt, not what caused it. Therefore the title is inappropriate. Can you cite the source of provide a link? It appears to have been altered.  Thanks !

Incorrect. 
Debt is issued by the Treasury department when the budget is out of balance. That debt is sometimes purchased by the Federal reserve or by the social security trust fund. Those are also government actors. The debt held by the public is the excess that the other parts of the government were not able to absorb. 
The parts held by the public could include other countries, large hedge funds, mutual funds, and banks, but that chart does not break it down that way. The gray part is an estimate of how much lower the debt would be if the two tax cuts had not passed. It is an estimate, but it's probably more informed than an estimate that you or I could create.

The Fed at last count was carrying about 7 trillion on it's balance sheet. That number is stuck in my head from one of Powel's updates when he said they wanted to start lowering the amount held. I wanted to read and see myself. so no link or source to read this article? Otherwise it is just the old discussion whether we are spending too much or not taxing enough. Not a real indicator of anything.

---