Which country owns most of America's National Debt?
597610
I think its China. We borrowed billions for the Iraq war. Though we do also owe a lot to France.
351668
In 2001, the budget had a surplus of $127 billion.\n\nHowever, the US had a national debt of $5.8 trillion that same year, so...
231743
The Chinese are not paying off the national debt. They are buying bonds. Bonds draw interest, therefore they are slightly adding to the debt, because the U.S. can't even afford to pay the interest.\n\nT-Bonds work by yield at an auction. The greater the demand, the lower the yield.  If there was less demand, then they would raise the yield to attract more buyers. Righ now t-bonds are around 4.3%, while the inflation rate is about 3% (in California where I live it's 5%). And then if they sell the T-bond, they have to pay taxes on the gains.  The two combined, makes it basically free money that the U.S. borrows.
882737
The largest creditor of US government is the citizens of United States, and in many countries it might be the same case. By borrowing money from its citizens through bonds, treasury bills and treasury notes, the government can finance its spending.\n\nSo the money didn't really go anywhere - all of your friends and relatives who have US government bonds/notes or T-bills own a piece of US debt.
720906
Technically, no one. The United states isnt borrowing money from these people.\n\nWhen the govt began having deficits, they started selling treasury bonds and other countries bought them. When you purchase a treasury bond, you are actually investing in the American Dollar. \n\nOther countries and organizations are investing in the United states dollar. Not really a loan. \n\nHOWEVER< There is a good feasable solution, that WOULD work IF the American public actually wanted its govt to stay alive. BUY TREASURY BONDS!!!!!
822196
THE NATIONAL DEBT WAS 900 BILLION WHEN JIMMY CARTER LEFT OFFICE AND WAS OVER 4 TRILLION AFTER THE REAGAN/BUSH/QUAYLE ERA WAS OVER.\n\nIT NEARLY FLATLINED DURING THE CLINTON ERA THEN CONTINUED TO SKYROCKET AFTER LITTLE BUSH TOOK OVER
590046
America, we have a little bit of everything lol
764003
this is the first time we were trillions in debt, the whole reasons why WAR bonds were sold was to pay for the debt of the war, Back then it just was not thinkable to go into debt, now the Country goes into debt, The Average family of 4 owes about $120,000 to pay back for the war debt and tax cuts debts, (Its called the National Deficit) that out children will have to pay, but unfortunately its a proven fact, the more the country is is debt, the less REAL economic growth there is, what little there is is called (false growth). It does not take a rocket scientist to figure out if a family of 4 has to borrow 120,000 for NOTHING, in other words has NOTHING to show for it, they really are not in goods financial health, could you imaging getting hit with that type of loan, interest growing daily that you will NEED to pay back before you can start saving and be financially sound again?, Many people agree thats why the Country prospered while Clinton was in office because were were gaining a surplus, slowly getting into the black and were spending less then we were taking in.
1151280
I heard 25% of our deficit is owed to Japan and China.  I don't know the exact amount per country.
1186775
The USA in total wealth, Brunei in per capita.
788256
We owe China billions of dollars, japan and china own large chunks of American land and commercial properties, in 5 years  India will surpass us, China which has surpassed us already in economic base. This is why China is most favorable.\n\n                              I AM
542217
we havent seen a surplus since 1830s. the 'surplus' during clinton was a hoax. he bailed out mexico by having greenspan print up $3.8 billion bounced it off the roof of the treasury into chase manhatten. then bush bought us all off with it at the beginning of his 1st term. right ow the debt is $8,363,454,225,996.54 The estimated population of the United States is 298,676,548 so each citizen's share of this debt is $28,001.71. The National Debt has continued to increase an average of $1.95 billion per day since September 30, 2005! Concerned? Then tell Congress and the White House! http://www.eff.org/congress/
284413
Well, not all of the world's nations are in debt, but much of the money ends up in the hands of private entities as governments spend it to help people, either their own, or another country's people.\n\nThe United States spends money on itself to help stimulate economic development, as well as to help in recovery after large natural disasters.  It also spends money on foreign countries to help with their development or other misfortunes.\n\nOne might ask, "if the government issues the money, why not print more of it if they're in debt".   The simple answer is that if they did this, it would make that country's money less valuable.  That's a bad thing...afterall, who wants to have worthless money?
74240
I believe whoever told you that is confusing Japan and China. The total US debt held by foreign countries is $1.886 trillion, of which Japan held $1.2 trillion as of March 2005 and China a mere $223.5 billion at the same time.
675780
Countries pay dues based on an assessment of their wealth.  The United States has the worst track record in terms making its payments.
719702
The government? - Don't you realise the deficit in the balance of payments are things mainly bought by the American people and companies.  How much have you spent on on Chinese produce?  You sure - Do you know how many components in electric goods from Japan, Korea and the US are actually made or put together in China.  Well get used to it,  People will always look for value for money - Even patriotic Americans.
327732
the debt is at it's highest in NUMBERS, but not in RATIO TO THE GNP. the highest debt america incountered in money over gnp is the jfk/johnson era. talk about cut programs.