jtssrx Posted August 16, 2016 Share Posted August 16, 2016 U.S. ‘Debt Held by Public’ Tops $14,000,000,000,000; Up 122% Under Obama By Terence P. Jeffrey | August 16, 2016 | 11:48 AM EDT (CNSNews.com) - The federal government’s “debt held by the public”—as opposed to its “intragovernmental debt”—has topped $14,000,000,000,000 for the first time in history, according to the latest numbers released by the U.S. Treasury. As of the close business on Aug. 10, the “debt held by the public” was $13,987,862,462,404.79, according to the Treasury. By the close of business on Aug. 11, it had risen to $14,012,831,105,933.15. By close of business on Aug. 12, it had increased again, hitting $14,012,909,909,536.53. When President Barack Obama was inaugurated on Jan. 20, 2009, the federal government’s debt held by the public was $6,307,310,739,681.66. Since then, it has increased by $7,705,599,169,854.87—or 122 percent. According to the latest publicly released numbers, foreign entities and the Federal Reserve own a combined $8,743,956,000,000 in U.S. government debt held by the public---giving them ownership of 62.4 percent of the total. The other part of the federal debt—the “intragovernmental debt”-- closed the day on Aug. 12 at $5,390,094,670,446.31. That made the total federal government debt $19,403,004,579,982.84. The U.S. government debt held by the public largely consists of marketable Treasury securities, such as bills, notes and bonds. The “intragovernmental debt” is primarily money the Treasury has borrowed and spent out of government trust funds, such as the Social Security trust funds. A Congressional Research Service reportpublished in February described and contrasted the debt held by the public and the intragovernmental debt as follows: “Individuals, firms, the Federal Reserve, state and local governments, and foreign governments are eligible to purchase publicly held debt. Such debt may be acquired directly through the auction process from which most publicly held debt is initially sold or on the secondary market if the debt is deemed “marketable”, or eligible for resale. “The total amount of publicly held debt outstanding was $13.673 trillion as of December 31, 2015. The majority of publicly held debt is marketable, and includes all Treasury Notes, Bonds, Bills, Treasury Inflation Protected Securities (TIPS), and Floating Rate Notes (FRNs) issued by Treasury. Non-marketable debt held by the public is comprised of U.S. Savings Bonds, State and Local Government State and Local Government Securities (SLGS), and other, smaller issues. … “Intragovernmental debt is held by components of the federal government. Intragovernmental debt issuances are almost exclusively nonmarketable, as marketable debt comprised only $0.024 trillion (0.5%) of the $5.250 trillion in total intragovernmental debt on December 31, 2015. The majority of nonmarketable intragovernmental debt was held by trust funds devoted to Social Security and military and federal worker retirement.” As of the end of July, according to the Monthly Statement of the Public Debt, the debt held by the public had risen to approximately $13,998,220,000,000. That included approximately $13,472,060,000,000 in marketable Treasury securities. These included $8,615,474,000,000 in Treasury notes; $1,796,814,000,000 in Treasury bonds; $1,547,124,000,000 in Treasury bills; $1,180,357,000,000 in Treasury Inflation-Protected Securities; and $332,290,000,000 in Treasury Floating Rate Notes. The average interest rate that the Treasury was paying on the marketable debt held by the public was only 2.026 percent as of the end of July, according to the Treasury. As of the end of July 2007 it was 4.963 percent, almost two and a half times what it is now. As of the end of this June, foreign entities owned $6,281,000,000,000 of the U.S. government debt held by the public, according to data released by the Treasury yesterday. As of Wednesday, Aug. 10, another $2,462,956,000,000 was owned by the Federal Reserve. The combined $8,743,956,000,000 in U.S. government debt owned by foreign entities as of the end of June and the Federal Reserve as of the end of last Wednesday equals about 62.4 percent of the $14,012,909,909,536.53 in total debt held by the public as of last Friday. Entities in China, which held $1,240,800,000,000 in U.S. Treasury securities as of the end of June, are the largest foreign owners of U.S. debt. They are followed by entities in Japan, which owned $1,147,700,000,000 as of the end of June; and entities in Ireland, which owned $270,600,000,000 as of the end of June. Quote Link to comment Share on other sites More sharing options...
Momorider Posted August 16, 2016 Share Posted August 16, 2016 Quote Link to comment Share on other sites More sharing options...
jtssrx Posted August 17, 2016 Author Share Posted August 17, 2016 One fucking reply???? Hey snowrider where to fuck is your emoji filled reply?? Quote Link to comment Share on other sites More sharing options...
Anler Posted August 17, 2016 Share Posted August 17, 2016 Get ready to fork over your social security and give it to the military. 1 Quote Link to comment Share on other sites More sharing options...
jtssrx Posted August 17, 2016 Author Share Posted August 17, 2016 46 minutes ago, Anler said: Get ready to fork over your social security and give it to the military. SS should be put to bed for anyone under 40 and yes I'm 43. 40 and unders should be able to start investing in thier own 401k Quote Link to comment Share on other sites More sharing options...
Zambroski Posted August 17, 2016 Share Posted August 17, 2016 (edited) 1 hour ago, jtssrx said: One fucking reply???? Hey snowrider where to fuck is your emoji filled reply?? This shit is just too sad to comment on. And keep that fucking half wit retard out of here. Edited August 17, 2016 by Zambroski 1 Quote Link to comment Share on other sites More sharing options...
Anler Posted August 17, 2016 Share Posted August 17, 2016 3 minutes ago, jtssrx said: SS should be put to bed for anyone under 40 and yes I'm 43. 40 and unders should be able to start investing in thier own 401k That won't work. It will run out of money if the under 40's stop contributing. Congress owes SS 2.7 trillion. They should pay it back. It's not theirs. http://www.fedsmith.com/2013/05/23/government-owes-2-7-trillion-to-social-security/ Quote Link to comment Share on other sites More sharing options...
Mikeadoo Posted August 17, 2016 Share Posted August 17, 2016 1 hour ago, jtssrx said: One fucking reply???? Hey snowrider where to fuck is your emoji filled reply?? He must have used up all the DNC crap he could cut and paste.....it is odd though, he usually has no problem re-posting his drivel. Maybe his head got stuck??? 1 Quote Link to comment Share on other sites More sharing options...
Cold War Posted August 17, 2016 Share Posted August 17, 2016 Pretty sure there is a meme dispelling this and things are actually awesome. Want some trickle on ???? Huh,. Huh, Dumpsters. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted August 17, 2016 Platinum Contributing Member Share Posted August 17, 2016 Dick Cheney told us deficits don't matter.... Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted August 17, 2016 Platinum Contributing Member Share Posted August 17, 2016 1 hour ago, jtssrx said: One fucking reply???? Hey snowrider where to fuck is your emoji filled reply?? I thought you all planned on ignoring me..?? Now you're begging me to participate in your failed thread Quote Link to comment Share on other sites More sharing options...
Cold War Posted August 17, 2016 Share Posted August 17, 2016 Nailed it. Quote Link to comment Share on other sites More sharing options...
jtssrx Posted August 17, 2016 Author Share Posted August 17, 2016 26 minutes ago, SnowRider said: I thought you all planned on ignoring me..?? Now you're begging me to participate in your failed thread So you wait to pull this out now?? Why is that not a surprise to me?? How is it a fail? Please break down how it's a fail... Quote Link to comment Share on other sites More sharing options...
Momorider Posted August 17, 2016 Share Posted August 17, 2016 1 hour ago, jtssrx said: So you wait to pull this out now?? Why is that not a surprise to me?? How is it a fail? Please break down how it's a fail... And he is gone gone gone Quote Link to comment Share on other sites More sharing options...
Rod Posted August 17, 2016 Share Posted August 17, 2016 Wow this is a racist thread Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted August 17, 2016 Platinum Contributing Member Share Posted August 17, 2016 (edited) 13 hours ago, Anler said: That won't work. It will run out of money if the under 40's stop contributing. Congress owes SS 2.7 trillion. They should pay it back. It's not theirs. http://www.fedsmith.com/2013/05/23/government-owes-2-7-trillion-to-social-security/ Simply more evidence we need less govt than more govt. Including HC. Govt cannot be trusted enough to continue on the growth we have seen in it. Govt is made up of people. Power corrupts a % of people. The more power we give the govt the more they fuck us. Edited August 17, 2016 by Highmark Quote Link to comment Share on other sites More sharing options...
Anler Posted August 17, 2016 Share Posted August 17, 2016 2 hours ago, Highmark said: Simply more evidence we need less govt than more govt. Including HC. Govt cannot be trusted enough to continue on the growth we have seen in it. Govt is made up of people. Power corrupts a % of people. The more power we give the govt the more they fuck us. Im thinking we need to get rid of the federal govt all together. Let the states rule themselves. It would be a lot easier to manage the fucksticks on a local level. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted August 17, 2016 Share Posted August 17, 2016 1 minute ago, Anler said: Im thinking we need to get rid of the federal govt all together. Let the states rule themselves. It would be a lot easier to manage the fucksticks on a local level. Ideally, the states should be set up to compete with one another like businesses. Make good economic decisions, have a nice area, promote job growth, provide a crime free area and a comfortable quality of life........people will move in and become tax payers in which more improvements are made to make it even better. That's EXACTLY how successful business grow...and how states should too. Bit that's not fair! Right? Enter big government policies and regulations. Quote Link to comment Share on other sites More sharing options...
oleroule Posted August 17, 2016 Share Posted August 17, 2016 (edited) 34 minutes ago, Anler said: Im thinking we need to get rid of the federal govt all together. Let the states rule themselves. It would be a lot easier to manage the fucksticks on a local level. welcome to 1788. Edited August 17, 2016 by oleroule Quote Link to comment Share on other sites More sharing options...
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