February 17, 2011
Who holds the national debt?
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.