US Debt–The Real Numbers (Are You Surprised?)

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
International consultant in economic development programs and projects

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