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The United States' total public debt outstanding was approximately $13.562 trillion at the end of the government's fiscal year on 30 September 2010. As of 4 January 2011, the United States' total public debt outstanding has surpassed 14 trillion dollars and is continuing to grow rapidly.
Despite that near half-trillion dollar increase, the percentage composition of who owns the U.S. national debt shown in the chart above is relatively unchanged. On the whole, U.S. individuals and institutions, when including the Social Security, U.S. Civil Service and Military trust funds own 62.2% of the U.S. national debt, while foreign nations own the remaining 37.8%.
Originally posted by MentorsRiddle
This is not true.
China owns about 22%, while Japan owns about 21%.
In total, lenders from Japan and China held 44% of the foreign-owned debt
Originally posted by MentorsRiddle
Read for yourself
In total, lenders from Japan and China held 44% of the foreign-owned debt
en.wikipedia.org...
Full info above.
Originally posted by dbriefed
I think it's odd that China with 7.5% ownership has confronted the Executive branch, concerned about the falling value of their dollar holdings, and the US public who owns the majority of debt, can only whine about it.
Originally posted by dbriefed
I think it's odd that China with 7.5% ownership has confronted the Executive branch, concerned about the falling value of their dollar holdings, and the US public who owns the majority of debt, can only whine about it.
Despite what talk radio and late night comedians may say, China does not own the U.S. Treasury Department. Numbers show that 75% of Uncle Sam’s growing debt is in the hands of U.S. interests.
Of the international lenders, China is owed the most, just under $900 billion. But with America’s debt approaching $14 trillion, that’s not even 7% in Chinese hands. Of course, if China were to suddenly call in its notes, it would cause chaos to the U.S. economy.
But Christina Larson, a China analyst with the New America Foundation, says Beijing and the rest of the world still consider taking on debt from the United States a safe bet.
"China needs a place to park its capital and there’s no place that's as stable, easy to purchase and feel safe in as the United States."