Who owns our national debt ??

Discussion in 'Economics' started by lindq, Aug 9, 2011.

  1. lindq


    This is an interesting list of who owns our national debt. Note a couple things. China owns only 8 percent.

    But..look at the last on the list. The federal government "owes" Social Security 2.67 TRILLION dollars. Or, another way to put it is that our government has reached its hand into our (yours and mine) cookie jar with our savings and grabbed 2.67 TRILLION dollars. Which they can't pay back.

    Now, the next time we hear talk about cutting Social Security benefits - and we will hear a lot of it - it will be clear as to why.

    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)

    If you know anyone who is on or near retirement age, you may want to pass this along to them.
  2. lindq


  3. will848


    China owned 20%+ just only 2 years ago
  4. Lucrum


    At this point I would have to say suckers.