The Present Biggest Threat To The U.S. Is It's Debt

National Debt: Whom Does The US Owe? -- Christian Science Monitor

The US is indebted mainly to ... Americans. Still, foreigners hold about 47 percent of the national debt, with China and Japan owning the biggest chunks.

The U.S. owes somebody a whole pile of money. You knew that, right? Years of deficit spending have run up the national debt to a level that defines the word “stratosphere.” By the end of this year, the most commonly used measure of US debt – debt held by the public – will break $10 trillion for the first time.

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My Comment: Sobering numbers .... and yes .... a horrible drag on our government and what monies will be available (after servicing the debt) if this crisis situation is not put under control.

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