HomeChina Owns US Debt 2019, but How Much?tbdChina Owns US Debt 2019, but How Much?

China Owns US Debt 2019, but How Much?

China Owns US Debt, but How Much?

By mid-2017, the total amount of official debt owed by the federal, state and local governments was more than $19.4 trillion. That figure was $22 trillion, as of Feb. 17, 2019. Some experts add more than $120 trillion in unfunded future liabilities on the federal government balance sheet.

Of the $22 trillion in government debts, more than $5 trillion (a little less than one-third) is actually owned by the federal government in trust funds. These are accounts dedicated to Social Security, Medicare and other entitlements. In other words, the government wrote itself a really big IOU and bankrupted one account to finance another activity. IOUs are formed and financed through joint efforts of the U.S. Department of the Treasury and the Federal Reserve.


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