Global Debt By Country

Exactly who do they owe?

Each other...let's just say "we're square."

Japan owes its citizens, China might be same. USA relied on external borrowers. There's a reason why gold has exploded in price.

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Exactly who do they owe?

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Largely the people who buy treasury bonds or whatever the other nations equivalent to that is. Individuals, banks, hedge fund managers, investment groups.

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Exactly who do they owe?

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The people that purchased their bonds.

37-38 trillion is bad, but as a percent of GDP, we are still decent at 88.5%. Some countries are over 250% of GDP like Great Britan and France.

Think of GDP as the value of your house, and the national debt as your mortgage. Several nations debt exceed the value of their GDP so we are not alone in owing money at dangerous levels.

A cut in interest rates may slow the increase in debt as that will take less money to service the debt, but at some point the Federal Budget will need a huge infusion of tax revenue or cuts in spending to balance the budget.

With tarriffs redomesticating some industries that may help in tax revenues as money gets exchanged and trickles down to the government in the form of increased tax revenues.

If you click on % of GDP tab, you'll see the US isn't even in the top 10.

For reference:
A million seconds is 11.5 days.
A billion seconds is 31.7 years.
A trillion seconds is 31,700 years.

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Each other...let's just say "we're square."

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In the U.S., 75% of the debt is owned by Americans and American institutions. Only about a quarter is foreign owned. Defaulting could screw quite a few people out of their savings if they're invested in T-Bills and U.S. Bonds.

Here you go

Breakdown of Debt Holders
Debt Held by the Public
Total: About 80% of the national debt
Domestic Investors:
Private investors (individuals, banks, mutual funds): Approximately $15.16 trillion
Federal Reserve: About $4.63 trillion
State and local governments: Around $7.36 trillion
Foreign Investors
Total: Approximately 20% of the national debt
Major Foreign Holders:
Japan: $1.1 trillion
China: $859 billion
United Kingdom: $668 billion
Luxembourg: $373.5 billion
Canada: $328.7 billion
Intragovernmental Holdings
Total: About 20% of the national debt
This includes debt the government owes to itself, such as funds held in trust for Social Security and other federal programs.