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The amount of debt isn't a problem for a country's credit rating as long as repayments are made on time, that's the same as for individual borrowing and their c
by spiralx 8y ago
The amount of debt isn't a problem for a country's credit rating as long as repayments are made on time, that's the same as for individual borrowing and their credit score. You have to explain why the US would fail to repay its debts before you can claim there's a problem.
China owns just 5.3% of US debt, only slightly more than Japan, which owns 4.8% of it. Most US debt is owned by government programmes such as Social Security.