Comment on US debt is now $37trn – should we be worried?
Olap@lemmy.world 1 month ago
Trump understands that it doesn’t matter about the debt. Who does he owe it to after all? The banks won’t call the debts in, cause they don’t need to, and if he devalues the dollar he sees it as a win for exports
Part4@infosec.pub 1 month ago
ryathal@sh.itjust.works 1 month ago
China is the largest foreign holder, but the vast majority of the debt is owed domestically.
Pringles@sopuli.xyz 1 month ago
Japan is actually the largest US debt holder with over 1.2T. China is 4th iirc with around 750B.
neukenindekeuken@sh.itjust.works 1 month ago
Correct. But they’re still not as much as domestic debt holders.
Olap@lemmy.world 1 month ago
I wouldn’t bet on that. American military might is still untouchable, and America is still a huge oil producer