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0 pointsinterlocutor6y ago0 comments

>> They can put out bonds

Isn't that what the federal govt does too? The US sells treasury bonds and China buys them.

https://www.investopedia.com/articles/investing/040115/reaso...

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empath756y ago

Yeah the fundamental difference is that states can't print money to pay them the way the federal government can.

adestefan6y ago

The majority of US debt is special bonds owned by the Social Security Trust Fund. Only about 30% of bonds are owned by foreign entities. And the top foreign holder fluctuates between China and Japan.

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empath756y ago

Yeah the fundamental difference is that states can't print money to pay them the way the federal government can.

adestefan6y ago

The majority of US debt is special bonds owned by the Social Security Trust Fund. Only about 30% of bonds are owned by foreign entities. And the top foreign holder fluctuates between China and Japan.

j / k navigate · click thread line to collapse