What does it mean when the power steering makes a noise? When power steering makes a high-pitched noise, either the power steering fluid is low or the power steering pump is bad. It is usually difficult to turn the wheel of a car when there is a power steering problem.
Even so, Bush ran up the biggest increase in the national debt of any American president. The Debt was 5.727-trillion dollars on his first day in the White House. And on the day he left, it was 10.626-trillion dollars.
According to the Treasury, the largest foreign holder of U.S. debt is China, which owns more than $1.24 trillion in bills, notes, and bonds or about 30% of the over $4 trillion in Treasury bills, notes, and bonds held by foreign countries. In total, China owns about 10% of publicly held U.S. debt. Of all the holders of U.S. debt China is the third-largest, behind only the Social Security Trust Fund's holdings of nearly $3 trillion and the Federal Reserve's nearly $2 trillion holdings in Treasury investments, purchased as part of its quantitative easing program to boost the economy.