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PrintNovember 30, 2009
Graph of the Day for November 30, 2009
"We can't keep on just borrowing from China. We have to pay interest on that debt, and that means we are mortgaging our children's future with more and more debt." President Obama, May 2009.
Source: The Skeptical Optimist.
Hoven's Index for November 30, 2009
Total US Federal Debt as of June 2009: $11.545 trillion.
Owed to Social Security, Medicare, etc. trusts: $4.369 trillion (38%).
Owed to the Fed: $0.657 trillion (6%).
Owed to foreigners: $3.384 trillion (29%).
Owed to US private investors: $3.135 trillion (27%).
Source: St. Louis Fed's National Economic Trends (pg 17).
Graph of the Day Archive.
