The U.S. Public Debt
The US public debt is the amount of money that the government owes to it’s creditors – meaning those who hold US Savings bonds, treasury notes, foreign government series, government account series, REA series, SLG series, and other securities which the government guarantees. Only a third of the way through 2008, the US public debt stands at over 5 trillion dollars. That’s a lot, but that 5 trillion dollars worth of debt doesn’t even include social security or state, city, and community debt. If you include all public debt the dollar figure swells to over 9 trillion dollars.
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