I Pledge Allegiance
Project Assemblage
Credits Collaboration with Fabrica
Project Assemblage
Credits Collaboration with Fabrica
In wake of late 2008 budget discussions and financial policies taking shape within the United States, it seemed relevant to create a piece about the national debt. Nearly 30% of the United States’ national debt is owned to foreign governments. Of foreign investors holding U.S. public federal debt, the largest amount, about 45%, is held by the central banks of China and Japan. Here is the breakdown:
$6.927.000.000.000,00*
The United States owes to different states, corporations, individuals, and foreign governments.
$1.932.662.710.790,04* (27.90% of the previous total)
The United States owes to foreign and international governments.
$864.480.030.536,39* (44.73% of the previous total)
The United States owes to the governments of China and Japan, making them the largest individual owners of U.S. debt.
$1472.23*
The value of the money used to create this piece, %0.00000017030237229268581* of the U.S. debt held by China and Japan.
The money to build this project was borrowed
*Figures as of May 7, 2009
The United States owes to different states, corporations, individuals, and foreign governments.
The United States owes to foreign and international governments.
The United States owes to the governments of China and Japan, making them the largest individual owners of U.S. debt.
The value of the money used to create this piece, %0.00000017030237229268581* of the U.S. debt held by China and Japan.
*Figures as of May 7, 2009
I Pledge Allegiance at Colors of Money
Exhibition Photo
I Pledge Allegiance at Colors of Money
Exhibition Photo
Colors of Money
Entrance to Exhibition
Colors of Money
Exhibition Opening
Colors of Money
Exhibition Photo