Thursday, March 1, 2007

Public Debt

The U.S. Debt to the Penny and Who Holds It
Current: 02/27/2007

Debt Held by the Public
$ 4,971,384,422,846.15

Intragovernmental Holdings
$ 3,802,725,735,564.34

Total U.S. Public Debt Outstanding
$ 8,774,110,158,410.49

Please note:
To count to just 1 trillion, one second at a time, would take about 31,710 years.

If the current $8.7 trillion debt was apportioned among 301 million Americans,we would each owe over $29,150. Where will you be on collection day?

What is the Debt Held by the Public?

The Debt Held by the Public is all federal debt held by individuals, corporations, state or local governments, foreign governments, and other entities outside the United States Government less Federal Financing Bank securities. Types of securities held by the public include, but are not limited to, Treasury Bills, Notes, Bonds, TIPS, United States Savings Bonds, and State and Local Government Series securities.

What are Intragovernmental Holdings?

Intragovernmental Holdings are Government Account Series securities held by Government trust funds, revolving funds, and special funds; and Federal Financing Bank securities. A small amount of marketable securities are held by government accounts.

Where is the money spent that is borrowed from the public and who decides where it goes?

The Bureau of Public Debt is responsible for accounting for and reporting the debt in accordance with statutory direction. The Bureau does not have any public policy decision-making authority. Visit the Financial Management Service web site for more information. Information about the "Budget of the United States" is available at the Government Printing Office web site.

Just thought you should know.