- Mon Jul 29, 2019 12:24 pm
#117967
I often wondered why the GOP wants to abolish one of the most loved programs in the US. this site explains it well.
https://www.thebalance.com/who-owns-the ... bt-3306124
Plus this. We often paint China as the one who owns allof the debt.
https://www.thebalance.com/who-owns-the ... bt-3306124
Plus this. We often paint China as the one who owns allof the debt.
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[/code][code][quote]In April 2019, China owned $1.11 trillion of U.S. debt. It's the largest foreign holder of U.S. Treasury securities. The second largest holder is Japan at $1.06 trillion. Both Japan and China want to keep the value of the dollar higher than the value of their currencies. That helps keep their exports affordable for the United States, which helps their economies grow.[/quote]