re: Breakdown of to whom the US owes its $22T debt

quote:

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If you owe the bank $1 million then the bank owns you. If you owe the bank $100 billion then you own the bank

If you also back up the above with the most powerful military machine to ever grace the planet then your national debt is essentially irrelevant

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Pretty much.

While not justifying it by any means, and agree we should work to reduce it, we owe ourselves 71.1% of that debt ($15.642 trillion) and, guess what, we aren't about to call it in on ourselves.

Also, except for China, the remaining major holders of our debt rely on our swinging dick military to protect them from Russia and China, so they're not about to frick around either.