Mercatus Center Senior Research Fellow Veronique de Rugy reexamines the composition of federal debt using Treasury Direct’s Monthly Statement of the Public Debt of the U.S. released March 31 and other data from the Treasury.
Our gross federal debt amounts to a total of $14.27 trillion. This is comprised of debt held by the public ($9.6 trillion) plus debt held by intragovernmental accounts ($4.6 trillion). Our gross federal debt is estimated to represent 94.6% of GDP by the end of FY 2011. This debt is projected to grow into the future, and interest payments on the debt are projected to grow alongside it.
Veronique de Rugy gives a further breakdown of U.S debt held by the public at NRO’s The Corner.
Source: Mercatus Center