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Everyone The U.S. Government Owes Money To, In One Graph
NPR ^ | 10/10/2013 | Quoctrung Bui

Posted on 10/10/2013 1:33:21 PM PDT by Responsibility2nd

If Congress doesn't raise the debt ceiling soon, the U.S. government won't be able to pay its debts. Here's who the government owes money to — all the holders of U.S. Treasury debt, broken down by category and by how much government debt they hold.

Holders of U.S. debt

Notes

The graph includes debt owed to the Social Security trust fund and other federal funds. These are sometimes excluded when calculating the debt for other purposes. For details, see this GAO report.

For more, see our story: What A U.S. Default Would Mean For Pensions, China And Social Security


TOPICS: Business/Economy; Front Page News; Government
KEYWORDS: debt; usdebt
Interesting. It won't ebe the Chinese getting screwed when (not if) the Big Default comes.

It'll be me and you and everyone else expecting SS benefits.

1 posted on 10/10/2013 1:33:21 PM PDT by Responsibility2nd
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To: Responsibility2nd

More bad English from NPR.....................


2 posted on 10/10/2013 1:37:13 PM PDT by Red Badger (TANSTAAFL always wins. Always...........................)
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To: Responsibility2nd

This is a bunch of hype. The balance due on he debt each month is 20 billion. The tax revenue received each month by the fed is $250 billion. So why would there be a default?


3 posted on 10/10/2013 1:38:23 PM PDT by Keflavik76 (Repub + Dem = soft tyranny)
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If Congress doesn't raise the debt ceiling soon, the U.S. government won't be able to pay its debts.

When the lead sentence is a lie, it exposes the agenda.

4 posted on 10/10/2013 1:39:38 PM PDT by Rio (Proud resident of the State of Jefferson)
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To: Responsibility2nd

Interesting that Japan holds almost as much as China...


5 posted on 10/10/2013 1:40:04 PM PDT by Hardraade (http://junipersec.wordpress.com/2013/10/04/nicolae-hussein-obama/)
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To: Responsibility2nd

All the pundits say raising the debt ceiling isn’t to give us more future buying power, it’s to cover our overdraft.


6 posted on 10/10/2013 1:44:01 PM PDT by showme_the_Glory (ILLEGAL: prohibited by law. ALIEN: Owing political allegiance to another country or government)
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To: Responsibility2nd

Hold the line Republicans.Keep the Useless government shut down. and do not give in to media pressure to raise the debt ceiling . the media is lying saying the U.S. will default if the debt ceiling not raised. it’s a total lie to get Republicans to cave. keeping gov shut down is the best thing ever because Americans might finally see that government is not needed as gov shut down and nothing has happened.


7 posted on 10/10/2013 1:46:45 PM PDT by rurgan (only taxes allowed 5% federal sales tax, 3% state ,2% local. no income, no property tax)
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To: Keflavik76
The balance due on he debt each month is 20 billion. The tax revenue received each month by the fed is $250 billion. So why would there be a default?

That's like saying if my paycheck is $250/week, and my car payment is $20/week, AND THE REST OF MY LIVING EXPENSES is $312/week, why would I have a problem with my car payment?

8 posted on 10/10/2013 1:49:46 PM PDT by nascarnation (Frequently wrong but rarely in doubt....)
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To: Keflavik76

Well a big chunk of that $250 Billion comes in from Jan thru April and those Bass Tards spent it all when they received it!


9 posted on 10/10/2013 1:51:29 PM PDT by Red_Devil 232 (VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!)
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To: Hardraade

Here’s the real problem that they aren’t reporting. Back when our annual deficits were around $400 billion, there was enough capital on the world’s markets to absorb it every year. When 0bama came to power, his $1.6 Trillion annual debts exceeded the world’s capacity to absorb it.

Why is this a problem? I like to illustrate it by comparing it to how the two sides financed World War 1. The British financed the war by bundling the French and Russian war bonds with their own, and selling them the only place in the world where there was enough money to finance the staggering costs of the war; New York. By 1916, American bankers had so much European debt that America was bound to enter the war on the side of Britain to ensure the Allies won. The Germans, whose war effort cost just as much, were frozen out of the New York bond market. So they sold their debt to themselves. In five year notes. When the notes came due in the early 20s, nobody bought them. They lost the war. So the German people took their money home in wheelbarrows as the Weimar government paid off its own debt in worthless currency.

When we went from $400 billion to $1.6 Trillion, we went from the British model to the German model. Only we call it “quantitative easing.” By putting it into the stock market, the Fed is betting that it will stay there for a while and not be released into the economy at large to fuel Weimar-style turbo-inflation. They have inflated a stock bubble that is bound to burst.

The longer we stay on the German model, and not on the British one, the value of the debt held by Japan and China will diminish in real terms. And with it, will also go their desire to continue to prop us up financially. They will lose their “stake” in the US economy. At some point, they will write off that debt as worthless, and the dollar will cease being the world’s reserve currency.

It will make 2008 and 1929 look like the good old days.


10 posted on 10/10/2013 1:53:53 PM PDT by henkster (Communists never negotiate.)
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To: Hardraade

Since Japan is sitting on so much of our cash, I wonder why their own economy doing so bad?


11 posted on 10/10/2013 1:56:58 PM PDT by Rameumptom (Gen X= they killed 1 in 4 of us)
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To: Responsibility2nd

Isn’t all the unfunded outstanding debt about $68 trillion?


12 posted on 10/10/2013 1:58:03 PM PDT by 1010RD (First, Do No Harm)
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To: Rio

When ever I want accurate, truth telling, I turn to NPR (NOT.)


13 posted on 10/10/2013 2:02:14 PM PDT by Eric in the Ozarks ("Say Not the Struggle Naught Availeth.")
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To: henkster

Yeah, we’ve seen more recent examples of weimar economics of course. Also done by ooga-booga africans, like Mugabe.


14 posted on 10/10/2013 2:06:42 PM PDT by Hardraade (http://junipersec.wordpress.com/2013/10/04/nicolae-hussein-obama/)
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To: nascarnation
That's like saying if my paycheck is $250/week, and my car payment is $20/week, AND THE REST OF MY LIVING EXPENSES is $312/week, why would I have a problem with my car payment?

Actually it's like saying if my paycheck is $250/week, and my car payment is $20/week, AND MY ALIMONY PAYMENT is $312/week, why would I have a problem with my car payment?

15 posted on 10/10/2013 2:08:29 PM PDT by Praxeologue
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To: 1010RD

Just wait. Obama will sprout his natural horns, and the debt wil flash grow to one tribulion.


16 posted on 10/10/2013 2:09:29 PM PDT by Hardraade (http://junipersec.wordpress.com/2013/10/04/nicolae-hussein-obama/)
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To: Kennard

LOL good one! And more accurate.


17 posted on 10/10/2013 2:09:47 PM PDT by nascarnation (Frequently wrong but rarely in doubt....)
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To: Responsibility2nd

Half a trillion is going to fraudulent disability claims, so I’ll look forward to them getting screwed.


18 posted on 10/10/2013 2:09:53 PM PDT by JediJones (The #1 Must-see Filibuster of the Year: TEXAS TED AND THE CONSERVATIVE CRUZ-ADE)
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To: Rameumptom

That comes out to about $10 grand per person, it’s not really a huge number.


19 posted on 10/10/2013 2:11:59 PM PDT by nascarnation (Frequently wrong but rarely in doubt....)
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To: Responsibility2nd

On Obama’s inauguration day, the debt was $10.6 trillion according to treasurydirect.gov.

http://www.treasurydirect.gov/NP/debt/current


20 posted on 10/10/2013 2:12:38 PM PDT by JediJones (The #1 Must-see Filibuster of the Year: TEXAS TED AND THE CONSERVATIVE CRUZ-ADE)
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To: Responsibility2nd

I’ve always wanted to have time to sit down and understand exactly who owes who what from a governmental standpoint and then recommend just cancelling values against each other. For example France owes britain 30M, britain owes france 40 and italy owes britan 10 and france owes italy 10 if you add it all up it washes out or maybe one country only owes another country 5 or something. Seems to me there is a spiderweb looking for a flame is all.


21 posted on 10/10/2013 2:12:41 PM PDT by reed13k (For evil to triumph it is only necessary for good men to do nothing.)
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To: Responsibility2nd

When Obama’s ready to put the squeeze on we know he’ll go after what will cause American citizens the most pain - and that will be private pensions. We know how dems operate now - whatever causes maximum pain to everyday citizens.


22 posted on 10/10/2013 2:22:34 PM PDT by GOPJ (Brieitbart sent me... Freeper newfreep)
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To: Keflavik76
So why would there be a default?

Because Obama would direct the income to be used to pay expenses before debts.

23 posted on 10/10/2013 2:23:55 PM PDT by Raycpa
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To: henkster
Yours is an interest perspective on the problem.

The longer we stay on the German model, and not on the British one, the value of the debt held by Japan and China will diminish in real terms. And with it, will also go their desire to continue to prop us up financially. They will lose their “stake” in the US economy. At some point, they will write off that debt as worthless, and the dollar will cease being the world’s reserve currency.

Walking away from, or diluting out through money printing, the Japanese and Chinese debt will not benefit the U.S. Beyond the Greenback losing international credibility, the gain from 'default' will still leave $200 trillion or so of unfunded liabilities, all of which are either literally or effectively indexed for inflation (SS, Medicare, Medicade, Obamacare, etc.). Those who think that they are being smart about this will be proven incorrect. The denouement will likely occur in a similar time frame to your German example: five years or so.

24 posted on 10/10/2013 2:24:16 PM PDT by Praxeologue
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To: Kennard

The five years of the German notes is what hit me when I read about it. That seems to be the most common term of our Treasury notes that are being floated. So yes, I would go with your five years.

By the way, I read about his in Volume 1 of Hew Strachan’s “The First World War.” He devoted a good of that volume to how the war was financed. It was pretty dry, but in the end well worth reading.


25 posted on 10/10/2013 2:27:15 PM PDT by henkster (Communists never negotiate.)
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To: nascarnation

Uh, no. It’s $148 grand per taxpayer. Per citizen it’s $53 grand. Which means only about one-third of the citizens are taxpayers nowadays.

http://www.usdebtclock.org/


26 posted on 10/10/2013 2:29:52 PM PDT by JediJones (The #1 Must-see Filibuster of the Year: TEXAS TED AND THE CONSERVATIVE CRUZ-ADE)
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To: 1010RD

Thats all the projected SS and Medicare and GSIS and VA benefits. To be paid by future revenues (taxes) and by future borrowing.

This stuff here is just the actual amounts borrowed so far.


27 posted on 10/10/2013 2:29:59 PM PDT by buwaya
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To: reed13k

That’s assuming all countries are equal risks. If we lent money to Africa, China’s not going to let us cancel what we owe them just because Africa doesn’t pay us.


28 posted on 10/10/2013 2:31:20 PM PDT by JediJones (The #1 Must-see Filibuster of the Year: TEXAS TED AND THE CONSERVATIVE CRUZ-ADE)
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To: henkster

True.
There is no easy way out.

Best way out of this that I can see is in fact a couple of years of hyperinflation, followed by a “revolution”, or rather a general political change of heart, followed by a rational and parsimonious government.

Thats more or less what the Germans got in the 1920’s BTW, they were doing much better by 1930, until the Great Depression screwed everything up again and eventually gave them the Nazis.

That optimistic scenario doesn’t seem likely in our case. Argentina has been in this boat many times and has never recovered.


29 posted on 10/10/2013 2:34:35 PM PDT by buwaya
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To: Hardraade

The Weimar government actually did rather well given the very bad cards they were dealt.
I doubt our system will manage as well.


30 posted on 10/10/2013 2:35:59 PM PDT by buwaya
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To: Responsibility2nd

We could begin by defunding NPR.


31 posted on 10/10/2013 2:39:54 PM PDT by upsdriver ( Palin/West '16)
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To: upsdriver

I agree. WHY are they still operating? They are nothing but non-essential government employees.


32 posted on 10/10/2013 2:48:30 PM PDT by Responsibility2nd (NO LIBS. This Means Liberals and (L)libertarians! Same Thing. NO LIBS!!)
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To: Rameumptom
so much of our cash

Our cash?

33 posted on 10/10/2013 2:53:34 PM PDT by MosesKnows (Love many, trust few, and always paddle your own canoe.)
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To: JediJones

I took the $$$ we owe to Japan in bonds

and divided by their population of 127 million people.

are you answering a different question?


34 posted on 10/10/2013 3:00:01 PM PDT by nascarnation (Frequently wrong but rarely in doubt....)
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To: henkster

Thanks for the clarity.


35 posted on 10/10/2013 4:27:12 PM PDT by Talisker (One who commands, must obey.)
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To: Responsibility2nd
What jack ass thinks he can lend money to himself to pay his bills?

Quantitative easing is simply creating fictitious money and then lending it to oneself.

This is a federal offense for anyone except the Federal Government.

36 posted on 10/10/2013 4:47:01 PM PDT by Gabrial (The nightmare will continue as long as the nightmare is in the Whitehouse.)
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To: JediJones

I know, but I’ve always worked complex problems through cancellations and simplification first then and only then addressing the underlying real issue.

I think the govts keep it complex on purpose to prevent as much as possible the “serfs” understanding of what is really going on.


37 posted on 10/10/2013 5:39:05 PM PDT by reed13k (For evil to triumph it is only necessary for good men to do nothing.)
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To: upsdriver

Agree - defund NPR.
And tell the feral reserve to go pound sand.


38 posted on 10/10/2013 6:47:52 PM PDT by SisterK (its a spiritual war)
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To: Keflavik76

The issue is that Obama could artificially cause the default to happen because he knows his MSM groupies will be working overtime to say that if he forces a default by his own actions it is still entirely on the Tea Party. And the House GOP may not be able to do much to counter it.

The reality remains that we have the Evil Party and the Stupid Party, and right now this reality is rearing its ugly head higher than it has in a long time.


39 posted on 10/11/2013 1:12:21 AM PDT by freedom462
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To: Responsibility2nd

liberals cannot do math... china’s debt rectangle is supposed to be half the other foreign countries at 2.6... yet the china rectangle is not half. NPR does not do graphs well. or the truth.

t


40 posted on 10/11/2013 7:42:20 AM PDT by teeman8r (Armageddon won't be pretty, but it's not like it's the end of the world.)
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To: Gabrial

True and true...


41 posted on 10/11/2013 2:07:54 PM PDT by 4Liberty (Some on our "Roads & Bridges" head to the beach. Others head to their offices, farms, libraries....)
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To: freedom462

Its pathetic to watch the repub negotiate with themselves. They keep making new offers every few hours. What ever happened to making an offer and then WAITING for a counter offer? They are on the ropes and are not worthy of the office the people have granted them.


42 posted on 10/11/2013 2:35:08 PM PDT by Keflavik76 (Repub + Dem = soft tyranny)
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To: Keflavik76

I think what they want is to try and put together a ton of offers and then find one that basically agrees to all the WH and Senate demands but they can also try and spin as having gotten something done. So they are putting together as many packages as possible in hopes that one of them will come close to satisfying all the aforementioned conditions. So really, not much more than throwing a mass of blobs to the wall in the hope that one sticks.


43 posted on 10/11/2013 2:37:37 PM PDT by freedom462
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