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How much money do other countries owe the United States?
Any link or way to get the countries and the amount they are owing the USA. The USA owe many countries money amounting to trillions of dollars, and i want to see the countries owing the US. How can te US pay china the trillions they are owing them? How will the US pay them back? What will happen if the us is not able to pay back? I need answers please.
asked by bigmodo 3 months ago
flagWealthmadehealthy says
It is common knowledge that the US is in greater debt than most countries and instead of figuring out a way to stabilize the debt, we are being consumed by massive bailout programs,and excessive spending---how much has been spent trying to cover up a birthplace??, and tooling around the country trying to get people to want their lives to be overtaken by a healthcare bill? Printing out money like it was a monopoly game?? Ya can't just print money out! Yet this is what is being done!! Not trying to balance anything, but putting ourselves further in debt...This question and questions need to be posed to the one responsible for putting us in greater debt...Only he would have the answers you are looking for....China is fast overcoming us....and our dollar is devalued...So pose these questions to Mr. Obama and see how he answers them...
Good question..
pendell2 says
The second question you ask is the correct one: how can the U.S. pay China bach the trillions we have borrowed from them.
Though you are a couple of zeroes off, the answer is that up until now foreign investors and nations have been content with our ability to pay interest on the debt we owe them in the form of Treasury Bonds. Debt interest payments are a large and increasing portion of the federal budget that we all pay taxes to support.
Recently these nations have begun questioning our ability to repay our debts over the long term. If our creditors lose faith in our ability to repay, it will cost the U.S. more to borrow, the same way that it costs more to borrow to buy a car with bad credit than with good.
Because the U.S. dollar is no longer exchangeable for gold or silver, the U.S. is free to print as many dollars as it see fits to pay it's bills. This is Inflation, and it is how debtor nations of the past have repaid their bills: with increasingly worthless currency. It has always in the past had an unhappy ending.
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