Originally Posted by spracks21
I'm tired of this narrative that China owns us. 32 percent of U.S. debt is owned by the federal government in trust funds, for Social Security and other programs such as retirement accounts. Of all the holders of U.S. debt China is the third-largest, behind only the Social Security Trust Fund's holdings of nearly $3 trillion and the Federal Reserve's nearly $2 trillion holdings in Treasury investments, purchased as part of its quantitative easing program to boost the economy. In total, China owns only 7.6 percent of publicly held U.S. debt.