> Who is going to buy $1 trillion of new US debt every year? Sooner rather than later, nobody. That's nearly equivalent to the sum that Japan and China are each

> Who is going to buy $1 trillion of new US debt every year? Sooner rather than later, nobody. That's nearly equivalent to the sum that Japan and China are each holding. One problem with this narrative is that the vast majority of US government debt is owed to US citizens.