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Thread: Who Owns U.S. Debt

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    Who Owns U.S. Debt

    Interesting stuff:

    * 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 America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.

    http://www.globalpost.com/dispatches...-ceiling-china

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    Re: Who Owns U.S. Debt

    Quote Originally Posted by conley View Post
    Interesting stuff:

    * 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 America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.

    http://www.globalpost.com/dispatches...-ceiling-china
    Did ya add in the interests CL? :-\
    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

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    Re: Who Owns U.S. Debt

    Most of Greece's debt is owed to itself - social security interests and the like.

    Note that the O'bama softly threatened that our social security checks are at risk if the debt ceiling isn't passed because is us (ie: social security) that we owe the most money to.
    my junk is ugly

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    Re: Who Owns U.S. Debt

    What I don't like is the Dems put forward no plans.....and are out openly saying that these cuts will affect Vets and paying for Troops.....as if implying thats what they are willing to give up to the Repubs. >

    Anyone else thinking these Tea Party peeps are screwing up the Repubs plans.? :-\
    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

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    Thumbs up

    Granny says she ain't payin' it, she didn't spend it so she ain't payin' it - `sides dat she didn't even get dat 2nd stimulus check...

    U.S. Government's Foreign Debt Now $47,495 Per Household
    October 22, 2012 - The debt that the U.S. government owes to foreign interests now equals approximately $47,495 for each household in the United States, according to the latest data released by the U.S. Treasury and the Census Bureau.
    The portion of the U.S. government’s foreign debt now owed to interests in Mainland China is about $10,090 per household. At the end of August, the latest period reported by the U.S. Treasury, foreign interests held a total of $5,430,000,000,000 in U.S. government debt. According to the Census Bureau’s latest estimate (which was for June 2012) there were 114,328,000 households in the United States. Therefore, the total U.S. government debt held by foreign interests was about $47,494.93 per household.

    Back in January 2009, foreign interests held a total of $3,071,700,000,000 in U.S. government debt. That month, according to the Census Bureau, there were 111,079,000 households in the United States. Therefore the total U.S. government debt held by foreign interests was about $27,653.29 per household. Since January 2009, the total U.S. government debt held by foreign interests has climbed from approximately $27,653.29 per household to approximately $47,494.93 per household—an increase of about $19,841.64 per household.

    Among foreign interests, those in Mainland China hold the largest share of the U.S. government’s debt. The Mainland Chinese, according to the Treasury, owned $1,153,600,000,000 in U.S. Treasury securities as of the end of August. Back in January 2009, interests in Mainland China held only $739.6 billion in U.S. government debt. That month, the U.S. government owed about $6,658 per American household to interests in China. As of the end of August, the U.S. government owed about $10,090 per American household to interests in China—an increase since January 2009 of about $3,432 per household.

    http://cnsnews.com/news/article/us-g...7495-household

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    Quote Originally Posted by Conley View Post
    Interesting stuff:

    * 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 America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.

    http://www.globalpost.com/dispatches...-ceiling-china
    So we default on ourselves, take a loss and move on. Good idea.



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    I have suggested that before. If we cancel the debt owned by the Federal Reserve, I doubt that the credit companies would bat an eye.

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    Angry

    Debt climbs faster than tax revenue to pay for it...

    CBO: Income Taxes Up 9.5% Next Year; But Debt Climbs More Than $1 Trillion
    June 29, 2017 - Unless current laws are changed, federal individual income tax collections will increase by 9.5 percent in fiscal 2018, which begins on Oct. 1, according to data released today by the Congressional Budget Office.
    At the same time, however, the federal debt will increase by more than $1 trillion. In fiscal 2017, which ends on Sept. 30, the federal government will collect $3.315 trillion in total taxes, according to the projections the CBO released with its "Update to the Budget and Economic Outlook: 2017 to 2027." That $3.315 trillion in total taxes will include $1.574 trillion in individual income taxes; $1,164 trillion in payroll taxes; $310 billion in corporate income taxes; and $267 billion in other taxes.




    In fiscal 2018, according to CBO’s projections, total taxes will climb by to $3.531 trillion. That will include $1.724 trillion in individual income taxes; $1.195 trillion in payroll taxes; $324 billion in corporate income taxes; and $289 billion in other taxes. The $1.724 trillion in individual income taxes CBO projects the federal government will collect in fiscal 2018 is $150 billion—or 9.5 percent—more than the $1.574 trillion CBO projects it will collect this fiscal year.




    The $3.531 trillion in total taxes the federal government will collect in fiscal 2018, according to CBO’s projections, is $216 billion—or 6.5 percent more—than the $3.315 trillion CBO projects it will collect this year. Despite these projected increases in federal tax collections from this year to next, the CBO also sees a massive increase in the federal government’s debt next year. According to CBO’s projections, the gross federal debt will rise from $20.188 trillion at the end of fiscal 2017 to $21.221 trillion at the end of fiscal 2018. That is an increase of $1.034 trillion.




    http://www.cnsnews.com/news/article/...ore-1-trillion

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    Quote Originally Posted by MMC View Post
    What I don't like is the Dems put forward no plans.....and are out openly saying that these cuts will affect Vets and paying for Troops.....as if implying thats what they are willing to give up to the Repubs. >

    Anyone else thinking these Tea Party peeps are screwing up the Repubs plans.? :-\
    why would the dems put up a plan when the repubs own the WH, senate and house? doesnt make sense. Not liking the repubs not getting anything done makes more sense.
    Last edited by katzgar; 07-09-2017 at 09:25 AM.

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    Quote Originally Posted by Peter1469 View Post
    I have suggested that before. If we cancel the debt owned by the Federal Reserve, I doubt that the credit companies would bat an eye.
    the credit companies screwed up badly at the start of the recession and survived.

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