The government now borrows about 42 cents of every dollar it spends
DATE Debt Held by the Public Intragovernmental Total Public Debt
Holdings
12/31/2008 6,369,318,869,476.54 4,330,485,995,135.59 10,699,804,864,612.13
12/31/2010 9,390,476,088,043.35 4,634,739,130,665.17 14,025,215,218,708.52
(AP) WASHINGTON - China, the biggest buyer of U.S. Treasury securities, owns a lot more than previously estimated.
In an annual revision of the figures, the Treasury Department said Monday that China's holdings totaled $1.16 trillion at the end of December. That was an increase of 30 percent from an estimate the government made two weeks ago.
My comment:
The US Government owes the Social Security Trust Fund about 18% of the total debt, or ………………..
$2,500,000,000,000
Tuesday, April 26, 2011
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