The average US citizen should say the US citizen holds much of the US debt. Since they do. About 70% is domestic, and 7% is owned by China. The Chinese are in

The average US citizen should say the US citizen holds much of the US debt. Since they do. About 70% is domestic, and 7% is owned by China. The Chinese are in a similar boat. About 60% of their debt is domestic. Their inflating debt, however, is in part what is driving the gap between the two, and they are ramping up foreign debt faster as a result.