Interesting chart.
China and Japan hold 2 trillion of the 9.6 trillion held by the public. The amount held by these two countries sounds like it is more than it really is. ( in my opinion) But the Fed holds 1.4 trillion, which means what? The Fed isn't the government, but it is closely connected to the government. This is likely printing your own money and putting it in your own bank and calling it "debt". If the government never paid back the Fed, who would care?
There is also a link to the history of debt limit, so I'll look at that next. Note: after looking at it, I didn't find it very useful.
Al Fin: "Cowboy Commentary", aka "Eat your veggies" The Flag banner is posted in order to defy those who would make patriotic symbols illegal or disreputable.
2 comments:
The government owes Social Security a tidy bundle is that figured into the debt numbers you cite?
According to the article I cited, these numbers are the amounts held in US Treasury Securities of 14.27 trillion dollars. Of this amount, 2.6 trillion dollars is in the Social Security trust fund. That's what the article says.
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