Search results
Results From The WOW.Com Content Network
The United States has the largest external debt in the world. The total number of U.S. Treasury securities held by foreign entities in December 2021 was $7.7 trillion, up from $7.1 trillion in December 2020.Total US federal government debt breached the $30 trillion mark for the first time in history in February 2022. [7]
U.S. federal debt held by the public as a percentage of GDP, from 1940 to 2012. The public debt as a percentage of GDP fell rapidly after the end of World War II under the presidency of Harry S. Truman, as the U.S. and the rest of the world experienced a post-war economic expansion.
This debt mainly represents obligations to Social Security recipients and retired federal government employees, including military. In the United States, intragovernmental holdings are primarily composed of the Medicare trust funds, the Social Security Trust Fund, and Federal Financing Bank securities. A small amount of marketable securities ...
About 50% of this debt is held by private and public domestic entities, while the Federal Reserve Bank holds roughly 20%. But there is good news when it comes to the debt the Federal Reserve owns.
Foreign holdings of US assets are concentrated in debt. Americans own more foreign equity and foreign direct investment than foreigners own in the United States, but foreigners hold nearly four times as much US debt as Americans hold in foreign debt. Of all US debt, 15.2% is owed to foreigners. [13]
"Federal debt when John F. Kennedy took office was slightly higher than it had been in 1946. But debt as a percentage of G.D.P. was way down, thanks to growth and inflation."
The total federal debt is divided into "debt held by the public" and "intra-governmental debt." The debt held by the public refers to U.S. government securities or other obligations held by investors (e.g., bonds, bills, and notes), while Social Security and other federal trust funds are part of the intra-governmental debt.
U.S. federal debt from 1940 to 2008, the year the documentary was released. I.O.U.S.A. is a 2008 American documentary film directed by Patrick Creadon . The film focuses on the shape and impact of the United States national debt .