I read Market Ticker first thing every day (and Naked Capitalism, too). Good chart, but I thought fed debt was like 12 to 14 trillion???
parsy, who is proud we are the world leaders in debt
The “debt to the penny: for December 17, 2009:
12,097,698,782,543.93
http://www.treasurydirect.gov/NP/BPDLogin?application=np
The debt 12/31/08:
10,699,804,864,612.13
The 7T number is close to the “debt held by the public” 12/17/2009 of 7,732,874,151,767.92 but that number is not including the “intergovernmental debt”
http://www.treasurydirect.gov/govt/resources/faq/faq_publicdebt.htm#DebtOwner
What is the Debt Held by the Public?
The Debt Held by the Public is all federal debt held by individuals, corporations, state or local governments, foreign governments, and other entities outside the United States Government less Federal Financing Bank securities. Types of securities held by the public include, but are not limited to, Treasury Bills, Notes, Bonds, TIPS, United States Savings Bonds, and State and Local Government Series securities.
What are Intragovernmental Holdings?
Intragovernmental Holdings are Government Account Series securities held by Government trust funds, revolving funds, and special funds; and Federal Financing Bank securities. A small amount of marketable securities are held by government accounts.