Source: Common Sense
by Paul Jacob
“While we were going about our business, and maybe even soaking in some summer sunshine, the ‘US National Debt,’ as the federal government’s explicit financial obligation is called, passed the $37 trillion mark. As if to mark the occasion, the Chinese government unloaded a whopping eight billion, two hundred million dollars worth of U.S. Treasuries onto the market. It’s a lot of money. It’s a lot of debt. And now China no longer holds it. Thus they are not quite as invested in our future. Is that scary? Well, everything about our federal debt load should scare us.” (07/02/25)
https://thisiscommonsense.org/2025/07/02/billions-and-billions/