3 ms·
> We owe a bit more than 1 year's GDP. And who is this money owed to? $24T is owed to US domestic entities, while $7T is foreign owned: * https://usafacts.or
by throw0101d 3y ago
> We owe a bit more than 1 year's GDP.
And who is this money owed to?
$24T is owed to US domestic entities, while $7T is foreign owned:
* https://usafacts.org/articles/which-countries-own-the-most-us-debt/ https://usafacts.org/articles/which-countries-own-the-most-u...
Americans are mostly paying money to themselves.
- _lvbh 3y agoI might be completely off but wouldn’t having more foreign owned debt be better since America can just say “we won’t pay that” and nobody has the power to collect? The military can always just crush whomever disagrees.