Have you wondered why US was at a default in August of 2011? This article seeks to examine US expenses and debts. Where has all the money gone? Let’s take a look.
1. The American People:
Amount Owed: $4.7 trillion (2010)
2. China:
Amount Owed: $884 billion (2010);
$1.1 trillion (2011)
3. Japan:
Amount Owed: $865 billion (2010);
$914 billion (2011)
4. United Kingdom:
Amount Owed: $459 billion (2010)
$346 billion (2011)
5. Ireland:
Amount Owed: $197 billion (2010)
$346 billion (2011)
6. Brazil:
Amount Owed: $165 billion (2010);
$211 billion (2011)
7. Russia:
Amount Owed: $176 billion (2010)
$115 billion (2011)
8. Switzerland:
Amount Owed: $112 billion (2010)
$108 billion (2011)
9. Canada:
Amount Owed: $43 billion (2010)
$90.7 billion (2011)
10. Germany:
Amount Owed: $55 billion (2010)
$61 billion (2011)
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