Nonember 6, 2011- With the ongoing talks in Washington, D.C. aimed at staving off a U.S. debt default. debt of $14.3 trillion in government debt.
Most politicians and pundits alike, chatter that China and, Japan, own most of America's $14.3 trillion in government debt.
But there's no trut to that conventional wisdom: it's really Americans who hold most of America's debt. While the Chinese, Japanese and plenty of other foreigners own substantial amounts, it's no one else but Amercicans who hold most of America's debt.
Here is a breakdown by total amount held and 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 Really, America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.
Source: Business Insider
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