Quote Originally Posted by RoadToad View Post
Most of us have always thought China owned most of it, right? I've even said so myself, although I was just parroting what other people said, without really knowing the facts (I hate it when other people do that, so why did I do it myself?). Turns out that's pretty far from the truth. Just like Japan, we own most of our own debt domestically. So all the talk about "what if China calls in their markers" really doesn't mean a whole lot (not that it ever did; that's not something they're likely to do anyway).

http://globalpublicsquare.blogs.cnn.com/2011/07/21/who-owns-america-hint-its-not-china/

I know a lot of you won't like the source (CNN), so go ahead and verify it elsewhere. I'm pretty sure the numbers will check out.
http://en.wikipedia.org/wiki/United_States_public_debt

This says what you're saying, but does it a little graphically............I bought the kool-aid too about CHINA owning our debt.. It is good to know that we really owe ourselves the most.....which means we can HANDLE this issue ourselves.

Later,

Geo