challenging american supremacy when i was a teenager. the u.k. owns the next biggest chunk. majority of american debt owned by drum roll please, americans. partly in the form of the social security trust fund. so it is just not the case that america is in hock to china. but let s say for the sake of argument and because we are charitable on the the rachel maddow show it s the case american deficits contribute to american decline, a theme of the hoekstra ad against debbie stabenow, who has he dubbed as spend it now, championing himself as spend it not. who has been contributing to the deficits, if you believe his rhetoric, debilitated america. pete hoekstra was a member of congress between 1993 and 2010, 17 years. he voted for the medicare part d care plan, it created a new social insurance program that extends out in perpetuity with
that notion of a scary china has become an accepted truth in american politics. the problem it s based on a fundamental misunderstanding of who owns american debt. based on all this, what percentage of american debt would you say china owns? i ll do my best ron popeil, 60, 70, 80%? could it be that china owns every last piece of our debt? to the pie chart. the answer is roughly 8%. it s not nothing. china is the foreign country that owns the most of american debt but it s still 8%. in fact china is barely ahead of japan which owns 6.9% of our debt, who used to stand in as the scary asian nation,
uk owns the next biggest chunk. majority of american debt owned by drum roll please, americans. partly in the form of the social security trust fund. so it is just not the case that america is in hock to china. but let s say for the sake of argument and because we are charitable on the the rachel maddow show it s the case american deficits con tribe you tet to american decline, a theme of the hoekstra ad against debbie stabenow, dubbed spend it out in dubbing himself as spend it not. who has been contributing to the deficits, if you believe his rhetoric, debilitated america. pete hoekstra was a member of congress 17 years. he voted for the medicare part d care plan, it created a new social insurance program that extends out in perpetuity with no way to pay for it.
. that notion of a scary china has become an accepted truth in american politics. the problem it s based on a fundamental misunderstanding of who owns american debt. based on all this, what percentage of american debt would you say china owns? i ll do my best ron popeil, 60, 70, 80, every last piece of our debt? to the pie chart. the answer is roughly 8%. it s not nothing. china is the foreign country that owns the most of american debt but it s still 8%. in fact china is barely ahead of japan which owns 6.9% of our debt, who used to stand in as the scary asian nation, challenging american supremacy
when i was a teenager. uk owns the next biggest chunk. majority of american debt owned by drum roll please, americans. partly in the form of the social security trust fund. so it is just not the case that america is in hock to china. but let s say for the sake of argument and because we are charitable on the the rachel maddow show it s the case american deficits con tribe you tet to american decline, a theme of the hoekstra ad against debbie stabenow, dubbed spend it out in dubbing himself as spend it not. who has been contributing to the deficits, if you believe his rhetoric, debilitated america. pete hoke tekstra was a member congress 17 years. he voted for the medicare part d care plan, it created a new social insurance program that