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>And from who is the US borrowing most of their money from? The American people, largely. China owns roughly 3% of America's debt. The overwhelming majority of
by Barrin92 2y ago
>And from who is the US borrowing most of their money from?
The American people, largely. China owns roughly 3% of America's debt. The overwhelming majority of American debt is hold domestically (and thus eventually returns to US citizens) But if the 13 bucks weren't precise enough for you, the 4% interest America pays on 10 year bonds I suppose bring the monstrous bill up another 50 cents per decade, truly a game changer when it comes to defending the free world.
- hashstring 2y agoAh just noticed I misunderstood your initial post, my bad. I agree with you. Yes, about ~23% of the USD debt is international. I mentioned China to focus on places where taxes go internationally.