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Rediff.com  » Business » Is US living on borrowed money? Its debt = $15 trillion
This article was first published 12 years ago

Is US living on borrowed money? Its debt = $15 trillion

Last updated on: May 22, 2012 14:58 IST

Image: Dollar notes.

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

Image: Airport staff at Beijing International Airport's new terminal.
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

Image: Dollar notes.
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

Image: Dollar notes.
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

Image: London.
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

Image: Dollar notes.

13. Caribbean Banking Centers

US debt holdings: $185.3 billion

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Is US living on borrowed money? Its debt = $15 trillion

Image: Taipei 101.
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

Image: Swiss bank UBS.

15. Switzerland

US debt holdings: $113.9 billion


Tags: US