
Regardless of how much closer Obama's budget brings our economy into a balance of payments not seen since 2001, we will continue to run deficits for the next decade, and the national debt will keep growing every year that happens.
While most of the country's $14 trillion debt is held by private banks in the U.S., the Treasury Department and the Federal Reserve Board estimate that, as of December, about
$4.4 trillion of it was held by foreign governments that purchase our treasury securities much as an investor buys shares in a company and comes to own his or her little chunk of the organization.Looking at the list of our top international creditors, a few overall characteristics show some interesting trends: Three of the top 10 spots are held by China and its constituent parts
Read More1. Mainland China
Amount of U.S. debt: $891.6 billion - Share of total foreign debt: 20.4%
2. Japan
Amount of U.S. debt: $883.6 billion - Share of total foreign debt: 20.2%
3. United Kingdom
Amount of U.S. debt: $541.3 billion - Share of total foreign debt: 12.4%
4. Oil Exporters
Amount of U.S. debt: $218 billion - Share of total foreign debt: 5%
5. Brazil
Amount of U.S. debt: $180.8 billion - Share of total foreign debt: 4.1%
6. Caribbean Banking Centers
Amount of U.S. debt: $155.6 billion - Share of total foreign debt: 3.6%
7. Hong Kong
Amount of U.S. debt: $138.2 billion - Share of total foreign debt: 3.2%
8. Canada
Amount of U.S. debt: $134.6 billion - Share of total foreign debt: 3.1%
9. Taiwan
Amount of U.S. debt: $131.9 billion - Share of total foreign debt: 3.0%
10. RussiaAmount of U.S. debt: $106.2 billion - Share of total foreign debt: 2.4%