Monday, December 29, 2014

China and U.S. T-Bills

Does China "own" us?  Nonsense, but both of our political parties are chock full of folks who pretend that China does.  That way we can focus on China and not how we amassed the debt and who really holds what.

What portion of our national debt does China carry?  Oh, a bit over 10%.  Be aware there are many ways one can categorize debt, but when you come down to it, debt is just money one has promised to pay to someone in the future.

No, China does not hold more than 50 percent of U.S. debt

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