Is US living on borrowed money? Its debt = $15 trillion
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The United States public debt is the money borrowed by the federal government of the United States at any one time through the issue of securities by the Treasury and other federal government agencies.
As of March 2012, debt held by the public was $10.85 trillion about 70 per cent GDP, while the intragovernmental debt was $4.74 trillion or about 30 per cent of GDP.
These two amounts make a whopping national debt of $15.6 trillion, roughly 100 per cent of GDP.
Click NEXT to see to from whom US government has borrowed trillions of dollars according to CNBC...
1. Federal Reserve and Intragovernmental Holdings
US debt holdings: $6.328 trillion
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Image: Dollar notes.
Is US living on borrowed money? Its debt = $15 trillion
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2. China
US debt holdings: $1.132 trillion
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Image: Airport staff at Beijing International Airport's new terminal.
Photographs: Joe Chan/Reuters.
Is US living on borrowed money? Its debt = $15 trillion
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3. Other Investors/Savings Bonds
US debt holdings $1.107 trillion
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Image: Dollar notes.
Photographs: Reuters.
Is US living on borrowed money? Its debt = $15 trillion
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4. Japan
US debt holdings: $1.038 trillion
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Is US living on borrowed money? Its debt = $15 trillion
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5. Pension Funds
US debt holdings: $842.2 billion
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Image: Dollar notes.
Photographs: Reuters.
Is US living on borrowed money? Its debt = $15 trillion
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6. Mutual Funds
US debt holdings: $653.5 billion
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Photographs: Reuters.
Is US living on borrowed money? Its debt = $15 trillion
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7. State and local governments
US debt holdings: $484.4 billion
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Photographs: Illustration, Uttam Ghosh.
Is US living on borrowed money? Its debt = $15 trillion
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8. The United Kingdom
US debt holdings: $429.4 billion
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Image: London.
Photographs: John Giles/Reuters.
Is US living on borrowed money? Its debt = $15 trillion
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9. Depository Institutions
US debt holdings: $284.5 billion
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Photographs: Illustration: Uttam Ghosh.
Is US living on borrowed money? Its debt = $15 trillion
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10. Insurance Companies
US debt holdings: $250.1 billion
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Is US living on borrowed money? Its debt = $15 trillion
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11. Oil Exporters
US debt holdings: $232 billion
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Is US living on borrowed money? Its debt = $15 trillion
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12. Brazil
US debt holdings: $206.4 billion
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Is US living on borrowed money? Its debt = $15 trillion
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13. Caribbean Banking Centers
US debt holdings: $185.3 billion
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Image: Dollar notes.
Is US living on borrowed money? Its debt = $15 trillion
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14. Taiwan
US debt holdings: $149.6 billion
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Image: Taipei 101.
Photographs: Pichi Chuang/Reuters.
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