Quote:
Originally Posted by The Demon
Actually dude, that's not entirely accurate. The national debt far exceeds the amount of dollars in circulation, that is if we also count medicare/medicaid/social security, etc.. And i'm not sure that's counting the treasury securities that are held in foreign vaults.
|
Medicaid, etc are entitlements and debt owed by the US government. The actual dollars in circulation is directly tied to outstanding public debt (roughly $12.5 trillion) Treasury bonds are what creates those dollars.