“Most US debt is held in America by Americans.”
Ok. 53% is “most”, but foreign held US debt is “almost” close to it with 47%. Compare this to Japan where the domestic held dept is at about 83%.
No matter who is holding our debt, we’re already going belly up.
Where did you see 47%?
No matter who is holding our debt, we’re already going belly up.
No argument here, we need massive spending cuts.