Who holds America's debt?
[QUOTE]Percentage of total U.S. debt, according to Business Insider:
Hong Kong: $121.9 billion (0.9 percent)
Caribbean banking centers: $148.3 (1 percent)
Taiwan: $153.4 billion (1.1 percent)
Brazil: $211.4 billion (1.5 percent)
Oil exporting countries: $229.8 billion (1.6 percent)
Mutual funds: $300.5 billion (2 percent)
Commercial banks: $301.8 billion (2.1 percent)
State, local and federal retirement funds: $320.9 billion (2.2 percent)
Money market mutual funds: $337.7 billion (2.4 percent)
United Kingdom: $346.5 billion (2.4 percent)
Private pension funds: $504.7 billion (3.5 percent)
State and local governments: $506.1 billion (3.5 percent)
Japan: $912.4 billion (6.4 percent)
U.S. households: $959.4 billion (6.6 percent)
China: $1.16 trillion (8 percent)
The U.S. Treasury: $1.63 trillion (11.3 percent)
Social Security trust fund: $2.67 trillion (19 percent)
So America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.[/QUOTE]
I have heard that the Banks hold up to 1 Trillion in Treasury Bonds, State and local and Pension Funds hold allot of money. It is very scary at this point.
It is the time right now to get our debt under control. We need to cut at least 1 trillion right away and more with a 6 month period and not spread out over decade either.
Hall Of Fame
the USA owes it's money to... the USA.
Geez we should stiff those bums.
Do we keep on spending? I say no if the President doesn't get realistic it is all on him. He is in charge it is time to get it done. Not over ten years either immediately!
[QUOTE=bitonti;4067427]the USA owes it's money to... the USA.
Geez we should stiff those bums.[/QUOTE]
Pretty simple huh.
Hall Of Fame
for the record
The total cost of new policies initiated during the administration of George Bush: $5.07 trillion. Barack Obama: $1.44 trillion.
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