CHART: Who Owns Our Government Debt?
The U.S. national debt has been constantly discussed and argued over for decades. Recently we have seen this argument reach new heights...
U.S. presidents in the past have fought with the massive debt, while also continuing to add to it. Of the $14 trillion in U.S. debt, many creditors hold serious percentages of that large amount. But now that a global economic recession is looming, it is important to actually see how the rest of the world is handling their unhealthy amounts of debt and who is holding it all.
The six countries listed below have a debt grand total of $381 quadrillion ($381,470,000,000,000,000):
U.S.: $14.825 trillion or external debt (as % of GDP): 101%
U.K.: $8.98 trillion or 413% of GDP
Greece: $579.7 billion or 182% of GDP
Ireland: $2.38 trillion or 1,382% of GDP
Japan: $11 trillion or 225% of GDP
Portugal: $552 billion or 223% of GDP
More like this...What Happens When the Debt is Greater Than the Economy? We're About to Find Out.
We haven't seen anything quite like this since World War II, but the debt WILL exceed the economy this year.
Presidents and Their Debt: From FDR To Obama
The debt ceiling debate continues as August 2 creeps closer. Obama's debt is of serious concern, but looking back at the other debt-ridden presidents may ease the pain a bit...
Ever Wondered What Our U.S. Debt Looked Like in Cash? You'll Want to See This...
Take a look at what the U.S. debt looks like in cash. You must see these shocking images!
The 10 Most Unbelievable Quotes from the Debt Ceiling Debate
The debt ceiling debates have shown the American people a side of Washington we don't want to see again, but it has brought us some priceless quotes...
Jim Rogers: "Humanly Impossible for the U.S. to Ever Pay Off Its Debt"
"Hold onto your gold!" The U.S. was, is and will continue to be "bankrupt" even if S&P just now got around to a downgrade...