Who are the lenders? As of last June 2007 the biggest holder of Treasury debt was the U.S. government itself, with about 52 percent of the total $8.5 trillion in paper that's out there.
Most of the government’s holdings are massive savings accounts for programs like Social Security and Medicare. Just as you may prefer to keep your Individual Retirement Account in the safe Treasury bonds, the folks who manage the Social Security Trust Fund are looking for a secure investment, too.

That’s leaves a little over $4 trillion in public hands. The biggest chunk (about 25 percent of the $8.5 trillion total) is held by foreign governments. Japan tops the list (with $644 billion), followed by China ($350 billion), United Kingdom ($239 billion) and oil exporting countries ($100 billion).

So this was during Bush II term, US banks are investing in this debt, this brings in Billions of dollars for these banks, why would they want the debt to be paid off? They don't, follow the money!

shouldn't we get rid of our debt before loaning money?

I ask this because I have the same amount reported twice. Once showing the original debt from the original creditor and it shows almost 7 years ago. Now, I have the collection agency reporting the same debt with a date of NOW. So, my question is weather this debt will just be bought over and over the rest of my life and never go off of my credit report. I just don't see how that's right!! I would love to get some help with this because I have been turned down and it's because they say I owe TWO amounts when really it's just one debt.

Thank you for your help!

Any ideas?

In the UK, the old Government introduced quantative easing.
The Bank of England agreed and invented 185 billion pounds, to push into the economy.

Every country in the world seems to have national debt, but who do they owe it to?

If we can write off poorer nations national debt, why not cancel all national debt, start with a clean sheet.

Humans have invented this recession, so why don't all countries say, there is no debt and do a huge tax write off.
By all means make the banks pay.. but give us tax payers a break

Is it just me, or does anyone else think the deficit and national debt are myths? I mean to say, if we were in a mountain of debt as they claim, I would think they’d be a bit more serious about the issue instead of sending billions of dollars overseas and playing games in face of a government shutdown. For me, this is nothing more than a smokescreen. Besides, the countries of the world owe US more than we’ll ever owe them. Time to call in some debts if they are really worried. *shrugs* I think there is more going on, and their cries over a trillion $ debt is smoke-screening the truth. Call me a conspiracy theorist, but that is what I think.

As the number of large, did not also owe 2 years, it received a letter a few days ago, said that 10 days is not also the legal liability, I work, suddenly is not so much money? May I ask what will be investigated for legal responsibility, I will freeze all the assets it?

The President of the United States or the chair of the House Budget Committee? I think we all know the answer...

quadrupling the national debt in less than two months into his administration?

I'm thinking of buying a home, but prices everywhere seem to be dropping and I've read that they'll keep dropping for another year or two. I've also read that the stockmarket outperforms the real estate market on average over long periods of time. Would it be a better idea financially to just rent an apartment and put all of my extra money into Berkshire Hathaway or some other high quality, long term growth stock? It seems that people who invest well in stocks (like Warren Buffett) do much better than people who invest in real estate (like Donald Trump--he's very wealthy, but not as wealthy as top stock investors). Thanks for any help you can give me.