Congress OKs historic bailout bill

[JRScott]

The United States is 9+ trillion in debt before this package, with an additional 53+ trillion in unfunded entitlement programs going forward into the next couple decades.

That's why this bill was bad it continues to perpetuate the myth. If we are to really resolve the long term problems of the fiscal problems of the United States, the first step has to be responsible government spending and budgeting. Where the Shepherd leads the Sheep will follow.

[chloe0724]

Big John

I know we borrow a ton of money every year from other countries via treasuries. Is there a way to find out how much that amounts to?

[fltoo]

Here ya go.



Foreign owners of US Treasury Securities (April 2008)
Nation billions of dollars
Japan 592.2
Mainland China 502
United Kingdom 251.4
Oil exporters 153.9
Brazil 149.5
Caribbean banking centers 115.4
Luxembourg 84.8
Hong Kong 63.1
Russia 60.2
Norway 45.3
Germany 44
Republic of China (Taiwan) 42.6
Switzerland 42.5
South Korea 40.5
Mexico 38
Singapore 33.3
Turkey 31.1
Thailand 27.9
Canada 24
Ireland 18.5
Netherlands 15.5
Sweden 13.1
Egypt 12.7
Belgium 12.5
Poland 12.5
Italy 10.6
India 10.5
All other 154.2
Grand Total 2601.8