Debt Up To Our Eyeballs

There are two parts of our national debt. Part 1 is "intragovernmental holdings" which is money the government has borrowed from federal trust funds (Medicare, Social Security, the Federal Financing Bank) to pay for current governmental operations. It has never gone over $5 trillion. The second part is debt held by the public. This number has gone up from $3,789,667,546,849.60 in September of 1997 to $10,481,500,229,395.09....yesterday. The debt held by the public is all federal debt held by individuals, corporations, state or local governments, foreign governments, and other entities outside the United States Government....including Treasury Bonds.