Update on the national debt

I always think it best to go straight to the horses mouth for information. So instead of listening to the left and right media, here are the facts on national debt straight from the horses … er mouth. 😏 LOL

About that intergovernmental holdings [1]; that’s where Social Security Trust Funds are accounted for. As of the end of 2013 that amount was about $2.7 trillion, more than half of the holdings.

[1] Intragovernmental Holdings are Government Account Series securities held by Government trust funds, revolving funds, and special funds; and Federal Financing Bank securities. A small amount of marketable securities are held by government accounts.