How broke we really are

Five Fun Facts About the $14 Trillion National Debt | Economy | AlterNet

The reality is that, as of last year, China held 9.5 percent of our outstanding debt. The largest lender to the U.S. government is the people of the United States – we own 42.1 percent of the national debt in the form of Treasury bills held in our pension funds, 401(K)s, etc.

And 4.6 trillion – about a third – is held by the government itself. Almost 18 percent of the T-bills outstanding are sitting in the Social Security trust fund, earning interest and making the retirement program incredibly secure despite all the claims to the contrary.