National Dept???

Question

The national debt is over 17 billion dollars, but who does the government owe the money to???????

Answer 1

I don't know where you got the $17 billion amount from. I guess technically you are right...it is over $17 billion...WAY OVER. The national debt is almost $9 trillion. Here is a good explanation of to whom the money is owed:

http://www.brillig.com/debt_clock/faq.html

Answer 2

Government debt (also known as public debt or national debt) is money (or credit) owed by any level of government; either central government, federal government, municipal government or local government.

As the government represents the people, government debt can be seen as an indirect debt of the taxpayers.

Government debt can be categorized as internal debt, owed to lenders within the country, and external debt, owed to foreign lenders. Governments usually borrow by issuing securities such as government bonds and bills. Less credit worthy countries sometimes borrow directly from commercial banks or supranational institutions. Some consider all government liabilities, including future pension payments and payments for goods and services the government has contracted for but not yet paid, as government debt.

Another common division of government debt is by duration. Short term debt is generally considered to be one year or less, long term is more than ten years. Medium term debt falls between these two boundaries.

Here are a few websites of interest concerning the national debt.

http://zfacts.com/p/461.html
http://www.brillig.com/debt_clock/
http://zfacts.com/p/318.html
http://www.federalbudget.com/

Answer 3

Half the planet. Anyone that buys any form of government bonds is loaning the government money. While not counted in the 'official' debt, if you receive a tax refund, you loaned the government that amount in the form of excess withholding.

Answer 4

To who ever buys US treasury securities (Bonds,T-bills etc.). This are basically IOUs saying the government is going to pay the holder a certain amount of money at a certain time, which is usually sold at a discount, or paid with interest added. Mainly the social security fund, and US banks (citizens)

Below is a link to a pie chart and a small article.

Answer 5

national deBt is over 9 trillion. its owned over 1/3 by the american people from what i heard, rest is the world.

Answer 6

the government issues debt to be auctioned off. many individuals and entities buy such debt, including foreign governments.

Answer 7

State pension accounts, China, India, Japan, anyone who has savings bonds, etc...

Answer 8

the new world order...