But he doubled the national debt !!
ND means China has upper hand. We owe them.......
- $85,049 for every person living in the U.S.[7]
- $218,614 for every household in the U.S.[8]
- 134% of annual U.S. economic output.[9]
- 7.7 times annual federal revenues.[10]
- 69% more than the combined consumer debt of every household in the U.S.[11]
The national debt of the United States is the total national debt owed by the federal government of the United States to Treasury security
holders.
<body id="cke_pastebin" style="position: absolute; top: 216px; width: 1px; height: 1px; overflow: hidden; left: -1000px;"><article class="margin-top-20 flex--order-mobilefirst-s-3 width100" style="-webkit-font-smoothing: antialiased; text-rendering: optimizelegibility; border: 0px; vertical-align: baseline; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px; font-size: 15px; -webkit-box-ordinal-group: 4; order: 3; position: relative; box-sizing: border-box; float: left; min-height: 1px; width: 1186px; margin-top: 20px !important;"><header class="panel__header panel__header--statistic padding-bottom-0" style="-webkit-font-smoothing: antialiased; text-rendering: optimizelegibility; border: 0px; vertical-align: baseline; margin: 0px; padding: 0px 40px 15px 0px;">Published by
Erin Duffin, Feb 24, 2021
</header>
As of December 2020, Japan held United States treasury securities totaling about 1.25 trillion U.S. dollars.
Foreign holders of United States treasury debt
According to the Federal Reserve and U.S. Department of the Treasury, foreign countries held a total of 7.07 trillion U.S. dollars in U.S. treasury securities as of December 2020. Of the total 7.07 trillion held by foreign countries, Japan and Mainland China held the greatest portions. China held 1.07 trillion U.S. dollars in U.S. securities. Japan held 1.25 trillion U.S. dollars worth. Other foreign holders included oil exporting countries and Caribbean banking centers.
In 2020, the United States had a total
public national debt of 26.95 trillion U.S. dollars, an amount that has been rising steadily, particularly since 2008. In 2019, the total
interest expense on debt held by the public of the United States reached 404 billion U.S. dollars, while 170 billion U.S. dollars in interest expense were intragovernmental debt holdings. Total
outlays of the U.S. government were 4.45 trillion U.S. dollars in 2019. By 2025, spending will reach 5.45 trillion U.S. dollars.
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</article><article class="display-block width100 flex--order-mobilefirst-s-1" style="-webkit-font-smoothing: antialiased; text-rendering: optimizelegibility; border: 0px; vertical-align: baseline; margin: 0px; padding: 0px; font-size: 15px; -webkit-box-ordinal-group: 2; order: 1; position: relative; box-sizing: border-box; float: left; min-height: 1px; width: 1186px;">[h=2]Major foreign holders of U.S. treasury securities as of December 2020
(in billion U.S. dollars)
[/h]</article><article class="statisticData flex--order-mobilefirst-s-2" style="-webkit-font-smoothing: antialiased; text-rendering: optimizelegibility; border: 0px; vertical-align: baseline; margin: 10px 0px 0px; padding: 0px; font-size: 15px; -webkit-box-ordinal-group: 3; order: 2; width: 1186px; box-sizing: border-box;"><article class="panel__content panel__content--statistic" style="-webkit-font-smoothing: antialiased; text-rendering: optimizelegibility; border: 0px; vertical-align: baseline; margin: 0px; padding: 0px 40px 0px 0px; position: relative; min-height: auto;">
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