In response to:

Who Really Owns the U.S. National Debt?

Fred_PA_2000 Wrote: Jan 21, 2013 9:35 PM
Herb3; Our children won't get a choice about paying for our foolishness. Either they pay of those debts or they don't. If they don't, that means the 55% not held by the Fed or foreigners, doesn't get repaid. But that 55% was all various U.S. retirement funds. Now some of our children will let Mom freeze (or starve), but most won't. So instead of her retirement funds supporting her, her kids will. There won't be any other choice. (Continued)
Henry159 Wrote: Jan 25, 2013 12:41 AM
It would make more sense to sell Hawaii to the Japanese, the second largest creditor. We fought a war with them once and they are now our friends. We don't really have any collateral for China, though they have a lot of people that buy our goods.
Fred_PA_2000 Wrote: Jan 21, 2013 9:52 PM
Possibly the least horrific solution would be for us to give them Hawaii in payment of those debts. I wonder if it's worth the $1,600,000,000,000 we'll owe them by 2016? It may be time for Hawaiians to give some serious thoughts to plan of escape.
Fred_PA_2000 Wrote: Jan 21, 2013 9:38 PM
(Cont'd.) As for the idea that maybe we stiff the Chinese? They have a population four times the size of our own. Historically, with so many people, they've come to place a lower value on human life than we do. Due to their one-child policy, they have a surplus of young men -- which spells social unrest. Their military is larger than our own. And nuclear. A war might be useful for them -- it reduces the surplus population. Before anyone seriously tries to default on our debts to China, they'd better make sure they can speak reasonably good Mandarin!

Today, we're taking a preliminary look at just who owns all the debt issued by the U.S. federal government through 30 September 2012 - the end of the U.S. government's fiscal year. Our chart below visualizes what we found.

The information presented in our chart above is preliminary, as the U.S. Treasury typically revises its foreign entity debt ownership data in March of each year.

Overall, U.S. entities own just 65.8% of all debt issued by the U.S. federal government. Ranking the major U.S. entities from low to high, we find that: