http://www.anarchistcookbook.com/member.php?u=17482 A social site powered by it's members en H.Atakan KOC www.sonkonu.com 60 http://www.anarchistcookbook.com/showthread.php?t=8332 Mon, 18 Feb 2008 04:30:52 GMT
Debt held by the public is all federal debt held by states, corporations, individuals, and foreign governments, but does not include intragovernmental debt obligations or debt held for Social Security. 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.[2]

If intragovernment debt obligations are included, the debt figure rises to roughly $9.2 trillion.[3] If, in addition, unfunded Medicaid, Social Security, etc. promises are added, this figure rises to a total of $59.1 trillion.[4] In 2007 the public debt was 36.8 percent of GDP ranking 66th in the world.[5]

It is important to differentiate between public debt and external debt. The former is the amount owed by the government to its creditors, whether they are nationals or foreigners. The latter is the debt of all sectors of the economy (public and private), owed to foreigners. In the U.S., foreign ownership of the public debt is a significant part of the nation's external debt (see also below). The Bureau of the Public Debt, a division of the United States Department of the Treasury, calculates the amount of money owed by the national government on a daily basis.

if you want to read more go here: http://en.wikipedia.org/wiki/United_States_public_debt]]> http://www.anarchistcookbook.com/showthread.php?t=8332 Politics philmickraken> http://www.anarchistcookbook.com/showthread.php?t=8272 Tue, 12 Feb 2008 03:42:37 GMT
http://www.democracynow.org/2008/1/1..._lunch_how_the]]> http://www.anarchistcookbook.com/showthread.php?t=8272 Politics philmickraken>