The TRUTH About Who Really Owns All Of America's Debt

If you ever try comparing the debt situation in the US and Japan, someone will invariably say: Well, Japan can afford a lot more debt because it's all domestically owned, whereas US debt is owned by the Chinese.

It turns out this isn't really true, though unfortunately this destructive myth continues to dominate political/economic debates.

Yes, China holds a lot, but they're not dominant, and when you add it up, most debt is actually domestically held, just like in Japan.

TOP HOLDER


Social Security Trust Fund

Total Holdings of US Treasuries: $2.67 trillion
Percent of US Debt that they own: 19%

The Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) Trust Funds invest exclusively in special issue bonds that are only available to the Social Security trust fund. These are not publicly traded securities, but they still constitute a huge amount of debt.


Read more: [link to www.businessinsider.com]

YOU OWE THE SENIOR'S A LOT OF MONEY! More then China the Fed or anyone else so it's not that Social Security is broke it's because the U.S. owes them a lot of money

Obama '08 Social Security promises and 2011

On the 2008 campaign trail, President Barack Obama promised social security would remain solvent forever under his administration, yet he is threatening to withold social security checks this year

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