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.
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Is US living on borrowed money? Its debt = $15 trillion
Photographs: Joe Chan/Reuters.
2. China
US debt holdings: $1.132 trillion
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Is US living on borrowed money? Its debt = $15 trillion
Photographs: Reuters.
3. Other Investors/Savings Bonds
US debt holdings $1.107 trillion
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Is US living on borrowed money? Its debt = $15 trillion
4. Japan
US debt holdings: $1.038 trillion
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Is US living on borrowed money? Its debt = $15 trillion
Photographs: Reuters.
5. Pension Funds
US debt holdings: $842.2 billion
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Is US living on borrowed money? Its debt = $15 trillion
Photographs: Reuters.
6. Mutual Funds
US debt holdings: $653.5 billion
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Is US living on borrowed money? Its debt = $15 trillion
Photographs: Illustration, Uttam Ghosh.
7. State and local governments
US debt holdings: $484.4 billion
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Is US living on borrowed money? Its debt = $15 trillion
Photographs: John Giles/Reuters.
8. The United Kingdom
US debt holdings: $429.4 billion
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Is US living on borrowed money? Its debt = $15 trillion
Photographs: Illustration: Uttam Ghosh.
9. Depository Institutions
US debt holdings: $284.5 billion
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Is US living on borrowed money? Its debt = $15 trillion
10. Insurance Companies
US debt holdings: $250.1 billion
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Is US living on borrowed money? Its debt = $15 trillion
11. Oil Exporters
US debt holdings: $232 billion
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Is US living on borrowed money? Its debt = $15 trillion
12. Brazil
US debt holdings: $206.4 billion
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Is US living on borrowed money? Its debt = $15 trillion
13. Caribbean Banking Centers
US debt holdings: $185.3 billion
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Is US living on borrowed money? Its debt = $15 trillion
Photographs: Pichi Chuang/Reuters.
14. Taiwan
US debt holdings: $149.6 billion
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Is US living on borrowed money? Its debt = $15 trillion
15. Switzerland
US debt holdings: $113.9 billion
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