No account yet?
Subscription Options
Subscribe via RSS, or
 
Free Email Alert

Sign up to receive a daily e-mail alert with links to Dallas Blog posts.

New Site Search
Login
Bill DeOre
Click for Larger Image
Dallas Sports Blog
Local Team Sports News
The Official Site of the Dallas Mavericks
TEX Homepage News

A feed could not be found at http://www.dallascowboys.com/cda-web/rss-module.htm?tagName=News

Stars Recent Headlines
Good News Dallas
Lifestyles
US Debt Clock and Risk Print E-mail
by Tom McGregor    Tue, Sep 30, 2014, 01:03 AM

BEIJING: A Website, called, usdebtclock.org, shows real time figures of the United States of America national debt. Meanwhile, China, holds nearly 10 percent of all U.S. Treasuries. Accordingly, a sharp sell off of those bond holdings could wreak serious havoc on the global economy.

AboutNews reports that, "Foreign governments hold about 46 percent of all U.S. debt held by the public, more than $4.5 trillion. The largest foreign holder of U.S. debt is China, which owns more about $1.2 trillion in bills, notes and bonds, according to the Treasury."

Additionally, President Barry Obama and Democrats could lose control of the U.S. Senate if a financial crisis erupts before mid-term elections.

According to AboutNews, "To put China's ownership of U.S. debt in perspective, its holding of $1.2 trillion is even larger than the amount owned by American households. U.S. citizens hold only about $959 billion in U.S. debt, according to the Federal Reserve."

Didn't Obama pledge to balance the federal budget when ran for the White House in 2008? Wasn't that part of his "Hope and Change" message for voters?

To read the entire article from Liberty Post, link here:  To view the U.S. Debt Clock, link here:

This e-mail address is being protected from spam bots, you need JavaScript enabled to view it  

Share This Story on Facebook
Comments (0)add comment

Write comment
smaller | bigger
password
 

busy
 
< Prev   Next >