I am a theoretical physicist and currently Director of UCITE (University Center for Innovation in Teaching and Education) at Case Western Reserve University in Cleveland, Ohio. I am the author of three books: God vs. Darwin: The War Between Evolution and Creationism in the Classroom (2009), The Achievement Gap in US education: Canaries in the Mine (2005), and Quest for Truth: Scientific Progress and Religious Beliefs (2000). Disclaimer: The views expressed in this blog are my personal ones and are not those of UCITE or Case Western Reserve University. If you wish, you can send me an email by clicking here.
As discussions about the budget and the national debt take center stage, it is interesting to see to whom the US government actually owes money.
Contrary to popular belief, China is not our biggest creditor. 53% of the US debt is owed to Americans and American institutions, with China coming second with just 9.8%, Japan a close third with 9.6%, and the UK next with 5.1%. All the oil-exporting countries hold just 2.6% of the national debt.
Comments
The national debt is way to high but high do we lower it without losing out as the reserve currency Mano?