US national debt and China?
March 19th, 2012 at 5:11:00 PM
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I usually get two answers for this, maybe someone can shed a bit more light on it. Does our national debt INCLUDE what we owe to China?
Ken
Ken
March 19th, 2012 at 5:34:46 PM
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Unless the figure explicitly states "Doesn't include debt owed to china", I do not understand why it wouldn't...
March 19th, 2012 at 6:51:00 PM
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Yes. Total debt = debt held by public + debt held by internal (US) government programs, like Social Security. The first part is what China holds.
I can't seem to embed the image, but see this link and this chart, showing China and Japan as the two largest single foreign debtholders.
Edit: perhaps a more interesting question would be "what *isn't* counted in the debt figures?
I can't seem to embed the image, but see this link and this chart, showing China and Japan as the two largest single foreign debtholders.
Edit: perhaps a more interesting question would be "what *isn't* counted in the debt figures?
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