My point exactly. Foreign holders of US debt do not even account for 50% of the total.
Intragovernmental holdings represent the raiding of the Medicare and Social Security trust funds.
That leaves ordinary American investors like you or me, and the Fed.
50% is small compared to $100. where it is $50.
However 50% of $18 TRILLION is $9 TRILLION; numbers rounded off. China may be the largest of the foreign holders, however ‘China’ is a representative of communism, and very nitpicky about money....even at times telling us what to do with it. So my ‘analogy’ is not so far off....