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Joined 2 years ago
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Cake day: June 19th, 2023

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  • We owe Japan more than China, but the narrative we owe China sooo much comes from 20 years ago when they were our largest FOREIGN debtor. They were never clear about it and people thought we owed all the money to China. The US government’s largest single debtor is the US government. It’s too hard to wrap their mind around. The largest collective debtor is the public. Over 20 trillion of the debt is owed to the US public. This includes wealthy business entities, and individuals. China owns less than 5 percent of that, at under 1 trillion. Booga booga booga