Hacker News new | ask | show | jobs
by Barrin92 482 days 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.

1 comments

Ah 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.