at 0% interest, why not ;-)
At 10:51 AM 10/28/2002 -0600, you wrote:
>We borrow money from Japan?!!! heh
>
>-----Original Message-----
>From: Jochem van Dieten [mailto:jochemd@;oli.tudelft.nl]
>Sent: Monday, October 28, 2002 10:50 AM
>To: CF-Community
>Subject: Re: What is debt?
>
>
>
>Phoeun Pha wrote:
>
> > I don't get it. If our government is in debt, to whom are we in debt
> > to???
>
>Mostly Japan and financial isnstitutions that own a lot of bonds.
>
> > And how does it get in debt?
>
>Borrowing money to support a habit of spending more as earning.
>
> > And are there accounting records of how we got into debt? Is that
> > made public?
>
>It is called the budget. I am sure the Department of Finance has some
>information on it.
>
>Jochem
>
>
>
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