3 ms·

I'd like to point out that most of US debt is held by America, not foreigners or the Chinese. http://useconomy.about.com/od/monetarypolicy/f/Who-Owns-US-Nationa

• Lazare 11y ago
  Um...yes? Not sure what point you're making. China's ongoing purchases of US debt are certainly significant, and the US does rely on them (among many, many others) to finance their ongoing deficit. It's certainly true that Americans in general (and the US pension system in particular) hold a significantly larger share of US debt than, eg, China, but what of it? That makes the problem worse not better, because unlike Chinese citizens, American retirees can vote in US elections. :) The cold reality is that 1) the US has a lot of debt relative to the size of the economy, 2) the debt continues to pile up, and 3) contrary to Cacti's argument, the US military is not a solution to this problem.