US National Debt Never Needs To Be Paid Down

That’s not me talking. It’s Frank Newman, former Deputy Secretary of the US Treasury.

Per Frank, the US national debt is nothing more than the sum of outstanding Treasury Bonds. There isn’t a national credit card where we borrow from the Bank of China.

That simply isn’t a thing.

The audio quality of the clip below is not good. You’ll probably need to turn up your volume.