Last I heard the debt had passed $10T. Who holds the rest of it?
Came across this article in the Sunday paper.
Most USA debt is owned by:
1. Japan----$585.9 billion
2. China----$541 billion
3. United Kingdom---$307.4 billion
4. OPEC Nations*---$179.8 billion
5. Caribbean banking centers**---$147.7 billion
*---Algeria, Angola, Ecuador, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, UAE, Venezuela.
**---Bahamas, Bermuda, Cayman Islands, Netherland Antilles, Panama, British Virgin Islands.
Total owed to all countries and investors is---$2.67 trillion. That is 20% of our GDP, not including interest.
Obama wants to add another $900 billion to this debt in new spending. Got your checkbooks handy?
Last I heard the debt had passed $10T. Who holds the rest of it?
These are just the top 5 that hold the most. Russia holds $74.4 billion, and the list goes on and on......Face it, our great, great, great, great grandkids will be paying this off. Congress needs to rearrange their spending habits. And the 'new stimulus package' the dems want is going to cost how much??
we can get back at them easily enough. Except for the PRC and Venezuela, we'll just refuse to defend them from here on in, and let their enemies prey on them.
We'll "unleash" Israel on the Saudis and the rest of the Arabs. It's high time we got some return on that black-hole of an "investment" known as US Support For Israsel.
We'll embargo US tourism with the Caribbean banking entrepots. We'll write some new and improved legislation dealing with money-laundering and offshore bankking.
We'll stop buying China's poisoned medicine and poison toys.
I don't know what to do with the UK except possiblty introducethem to the joys od well-cooked food, cold beer and cosmetic dentistry. That'll bankruptthem soon enough.
US indebtedness to foreign countries will continue to grow for the indefinite future, and as long as the US wants to promote ecomonic development overseas, and to continue to be an engine of int'l economic growth, this seems to be unavoidable.