in 2009 the us federal debt held by the public was $ 768 billion.
in 2009 the us federal debt held by the public was $ 768 billion.
in 2009 the us federal debt held by the public was?
$ 768 billion
Na
Na
the total federal debt is divided into "debt held by the public" and "intra-governmental debt." the debt held by the public refers to u.s. government securities or other obligations held by investors (e.g., bonds, bills and notes), while social security and other federal trust funds are part of the intra-governmental debt. as of september 30, 2012 the total debt was $16.1 trillion, with debt held by the public of $11.3 trillion and intragovernmental debt of $4.8 trillion. debt held by the public as a percentage of gdp rose from 34.7% in 2000 to 40.3% in 2008 and 70.0% in 2012. u.s. gdp was approximately $15 trillion during 2011 and an estimated $15.6 trillion for 2012 based on activity during the first two quarters. this means the total debt is roughly the size of gdp. economists debate the level of debt relative to gdp that signals a "red line" or dangerous level, or if any such level exists. by comparison, china's budget deficit was 1.6% of its $10 trillion gdp in 2010, with a debt to gdp ratio of 16%.
united states federal budget