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The amount of national debt owed by our country (presumably United States) is around $11 trillion. To whom is the government to pay back the debt to? There are many entities that lend money to the US government. The most obvious ones are foreign countries such as China and Japan. The US government issues bond certificates to these countries, its an agreement to the countries lending the money that US will pay back the money loaned. Citizens also can give money to their government by buying bonds which will pay back interest depending on the time of maturity (that is for however many years you will let the government keep that money). Another way US government accumulates debt is by borrowing from the Federal Reserve at an interest. One might say how can the government borrow money from itself. Well, the "Federal" Reserve isn't really "FEDERAL". Its a private institution that came into existence in 1913. The head of Federal Reserve is appointed by the President but all decisions are made by group of private individual in secrecy. Ever since the financial coup of the US by "Federal" Reserve, our debt has been steadily increasing in part by the interest accumulated over the amount borrowed. This debt can not be ever paid off in practice until the power to create and regulate money is restored to the government and "Federal" Reserve is abolished. For more info about Federal Reserve this informative video can be watched at Google video at the following link: http://video.google.com/videoplay?docid=5232639329002339531

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Q: What is your national dept as of today?
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The Dept. of the Army.


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If you mean the National Guard, it is overseen by the National Guard Bureau, who is under the Dept. of the Army who is under the Dept. Of Defense.


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