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**BruceCroucshs** · 10-13-2010, 01:16 PM

U.S. public debt as of July 8, 2010 was $ 13.192 trillion against a projected 2010 GDP of $14.743 trillion. As of April 2010, China held $900.2 billion of US Treasuries, surpassing Japan’s holding of $795.5 billion. As of 2007, outstanding GSE (Government Sponsored Enterprises like Fanny Mae; Freddy Mac) debt securities (non-mortgage and those backed by mortgages) summed up to $7.37 trillion.

Does this mean disaster for the US? Conventional wisdom is misleading, as the case of China illustrates.

http://www.businessinsider.com/despi...er-hand-2010-7

10-13-2010, 01:16 PM	#1
BruceCroucshs Join Date Oct 2005 Posts 718 Senior Member	Here's Why America Will NEVER Be Vulnerable To Foreign Debt Holders Read more: http: U.S. public debt as of July 8, 2010 was $ 13.192 trillion against a projected 2010 GDP of $14.743 trillion. As of April 2010, China held $900.2 billion of US Treasuries, surpassing Japan’s holding of $795.5 billion. As of 2007, outstanding GSE (Government Sponsored Enterprises like Fanny Mae; Freddy Mac) debt securities (non-mortgage and those backed by mortgages) summed up to $7.37 trillion. Does this mean disaster for the US? Conventional wisdom is misleading, as the case of China illustrates. http://www.businessinsider.com/despi...er-hand-2010-7 Share Share this post on Digg Del.icio.us Technorati Twitter
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