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Published Wednesday, October 16, 19 | By PaulvHill

contributed by Ronna Fleischman The national debt is the sum of all outstanding debt owed by the United States Federal Government. It is now more than $16 trillion, the largest in the world for a single country.  Nearly two-thirds is the public debt, which is owed to the people, businesses and foreign governments who bought Treasury bills, notes, and bonds.  The rest is owed by the government to itself, and is held as Government Account Securities. Most of this is owed to Social Security and other trust funds. These are a promise to repay these funds over the next 20 years. Read More 

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