The United States government holds the largest debt for a single country, totaling over $18 trillion, and steadily increasing each year.
To kind of put it into perspective, The European Union is a close second in terms of debt, but accounts for 28 separate countries.
The United States government owes itself about one-third of the massive accumulated deficits.
While the other two-thirds owed is a result of Treasury bill (T-bills) bought by foreign governments and businesses.
The National debt crisis has grown so dramatically due to accumulation of annual deficits
To kind of put it into perspective, The European Union is a close second in terms of debt, but accounts for 28 separate countries.
The United States government owes itself about one-third of the massive accumulated deficits.
While the other two-thirds owed is a result of Treasury bill (T-bills) bought by foreign governments and businesses.
The National debt crisis has grown so dramatically due to accumulation of annual deficits