Quote:The 17 Trillion in debt is not between government programs, that's foreign debt and private debt we owe.

 

Quote: 

40% of the national debt is owed to the federal government.  Things like the federal reserve and social security.

 

Only 34% of the national debt is foreign debt (with China having the largest piece of the pie with 8% of the debt, with Japan not far behind with 7%)  

 

6% is owned through mutual funds.

 

3% is owned by state and local government

 

2% to banks

 

1% to people with bonds and securities

 

3% to private pension funds

 

1% to state and local pension funds

 

2% to insurance companies

 

and 9% to Government-sponsored enterprises, brokers and dealers, bank personal trusts and estates, corporate and non-corporate businesses, and other investors

 

To add to Oklahomie's ideas... we could take all the federally owned properties that are unused, and sell them off.  Write a rule stating that any unused property that is unclaimed for 90 days by other federal institutions can be sold.  Then we MAKE money off of the sales, as well as get rid of lands that we're adding debt with by paying to maintain.

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