Each day in the 100 days leading up to Election Day, our website and Face the Facts USA will be partnering to bring you one exhaustively researched and vetted, non-partisan fact about a major issue facing our nation.
#7 WHO HOLDS THE NOTE? LOOK IN THE MIRROR
FACT: As of summer 2012, the federal government’s outstanding debt surpassed $15 trillion.
Who are the nation’s creditors?
The government owes the most money to — itself.
The Federal Reserve and various US agencies own 41 percent of the federal debt, more than $2 of every $5.
Nearly one-third of the national debt is owed to other countries.
China is the biggest foreign creditor ($1.144 trillion), followed by Japan ($1.076 trillion), but together they own less than 15 percent of it.
Mexico and Canada together are owed $90 billion.