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China is the biggest creditor to the US national debt Uh, no it ain't. Not even close. Domestic funds are the lions share, with Social Security Trust holding 2
by mmanfrin 9y ago
China is the biggest creditor to the US national debt
Uh, no it ain't. Not even close. Domestic funds are the lions share, with Social Security Trust holding 2.5x what China does (2.8t vs 1.1t).
- yeukhon 9y agoUh, excuse me, can you check this? http://money.cnn.com/2017/08/16/investing/china-us-debt-treasuries/index.html http://money.cnn.com/2017/08/16/investing/china-us-debt-trea... Do you want me to be more precise? Foreign creditor? "The Treasury Department has ranked China as the biggest foreign creditor to the U.S. for the overwhelming majority of the past nine years. "
- deleted 9y ago[deleted]
- tkfu 9y ago"Biggest foreign creditor" and "biggest creditor" are worlds apart; it's not just about being more precise. More than two thirds of US debt is held domestically.
- jacquesm 9y agoforeign. That sense said just creditor without the 'foreign' bit.
- throwayit 9y agoI think the OP wanted to make clear that domestic creditors far outweigh any foreign one so saying "biggest creditor" was a deceptive statement.
- icelancer 9y ago>>Do you want me to be more precise? Foreign creditor? That's not being more precise. That's something entirely different.