US Debt–The Real Numbers (Are You Surprised?)
July 28, 2010 Leave a comment
Who do we owe? Is it China, or not?
You would think so from the news. But not really!
As of March 2010, total US government debt was $12.8 trillion, of which $8.89 trillion was owed to domestic holders and $3.88 trillion was owed to foreigners. Of the foreign holders, the two biggest are China and Japan each with less that $1.0 trillion each. And the rest is owed to many, many countries.
About Stephen E. McGaughey
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