example, there s $288 billion in treasuries in accounts held there. oil exporting countries, and brazil is a big foreign debt holder. it s about a third of all of our $16 trillion in debt. the rest is held basically by u.s. investors. when i say investors i mean social security trust fund, big government holdings, mutual fund companies. so when you look, the social security trust fund is the largest government holder of u.s. treasuries, $2.7 trillion. you want to pay the interest on those, because, look, that s grandma s retirement, right? invested in u.s. treasuries. civil service retirement fund has a bunch and military retirement does, too. it s a very safe investment. that s why so many people put their money into u.s. treasury bonds, because they know they re going to get paid back on time every time. that s why the u.s. is the cornerstone of the world financial market. something that jack lew