Who do we owe the money to for the national debt?

Question

Futhermore, regardless who it is, why don't we just say we are not paying? what's anybody going to do, challenge us?

Answer 1

China, Japan, & Germany !

Answer 2

Your figures are way previous-formed. See the link. The nationwide debt is $15.6 Trillion. Of that $4.7 Trillion is owed to the gov't itself. utilizing that similar device, the day earlier Obama became inaugurated, those numbers were $10.6 Trillion and $4.3 Trillion respectively. which means Obama has borrowed yet another $4.6 Trillion from the monetary agency of China (as he placed it) in 3 a million/2 years. until eventually Obama stops pushing aside those "tricky possibilities" he keeps telling us about, that debt owed to the wide-spread public will proceed to skyrocket at the same time as the debt owed to the gov't will commence taking position as we ought to commence utilizing that to pay for the SS reward it became being kept for.

Answer 3

Approximately 58% of the national debt ($4.5 trillion) is owned by private investors--individuals, corporations and pension fund managers--who purchase U.S. Treasury Bonds, Savings Bonds and other certificates.

The remaining $3.3 trillion is held the Federal Reserve and other "federal government accounts." The most notable of these "other accounts" is the Social Security Trust fund, from which the government has borrowed money to pay for other programs and expenditures.

Answer 4

Our debt is mostly owed to foreign nations. The major reason we can't just say "too bad, we aren't paying" is because we are still borrowing money. I suppose theoretically we could not pay as long as we were in a budget surplus, but to stop paying now would be like cancelling your credit card and then trying to use it again. Also, a good amount of US debt is owed to the American people. We would be majorly screwing over our own people if we did not repay their bonds.

Answer 5

The debt is owned by those who buy treasury and government bonds. Many of these are Americans. Arab and Eastern countries with lots of our dollars own a lot too. If we default, it would cause lots of problems at home and abroad with regard to money and credit, and greatly hurt our ability to continue spending by congress at the rate they have become accustomed to. The resulting financial crisis would hurt a lot of people.

Answer 6

China

Answer 7

Most of the national debt is owned by government agencies, municipalities, and citizens right here in this country. That's right, the "debt" is largely one government agency's obligation to another! Ever heard of Social Security? Most of the money earmarked for it is on loan to other agencies. Those agencies record that money as debt. Do you want to end Social Security? Your suggestion would just screw Americans, directly.

Who's buying most of our debt today? The U.S. government, U.S. citizens, and the the British. See for yourself...

http://www.optimist123.com/optimist/2006/05/pie_chart_of_wh.html

Answer 8

The US borrows money from China, Japan and many other countries. You will know Ameria is finished when the people who lend money to the US demand to be paid back in Euros.

Answer 9

Primarily to the stock-holders of the privately owned Federal reserve banking system, plus interest….
We can't stop paying THEM; Because if wee don’t continue to kiss THEIR back-side, THEY will quit loaning us the money necessary to continue to believe we are the richest nation in the world!

Answer 10

All different countries and besides of owing them money-- they are now allowed to "buy" our highways in the US. Yes, you heard me, they are in the process of purchasing the turnpike in our state--and Japan owns most of Hawaii and most of our skyscrapers in our big cities are own by foreign businesses and countries---pretty soon we won't own the ground we walk on!!