Look who owns U.S. debt now:

Other nations hold a record 52% of it, leaving U.S. economy vulnerable.

For most of U.S. history, the national debt was something that America owed itself. What was borrowed by the government was lent by its people. The liabilities of one were the assets of the other.

But that has changed as the federal government has increasingly looked abroad to finance its prodigious borrowing. Foreigners now hold a record 52% of the government's $4 trillion in outside debt, up from a quarter in 1995.

Later this month, Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke will go to China to ask the Chinese whether they could see their way clear to buy fewer IOUs and more iPods, Boeing jets and such.>>>cont

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