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In 2000, the US had a debt of 5600 billion dollars. This doubled during Obama’s time.
- February 27, 2021, 9:44 PM IST
American MP warns the government
An American MP has warned the government about the increasing debt burden on the country. The debt of China and Japan is the highest in debt on America. In the year 2020, the total national debt load of the US was 23400 billion dollars. This meant that on average, each American had a debt of $ 72309.
Total debt of US $ 29000 billionUS MP Alex Mooney said, “Our debt is going to reach 29000 billion dollars. This means that the debt burden is increasing more on every person. Information about debt is very misleading where it is going. The two countries – China and Japan, are our biggest lenders, they are not really our friends.
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More than $ 1000 billion loan taken from China and Japan
Opposing the Biden government’s nearly $ two billion billion stimulus package in the US House of Representatives, MP Mooney, who represents West Virginia, said, “We have competition globally with China.” They have a huge debt on us. We owe more than $ 1000 billion in debt to China. We, too, owe over 1000 billion dollars to Japan. ”
America had a debt of 5600 billion dollars in the year 2000
MP Mooney said that the countries that are giving us loans, we also have to repay their debt. These countries do not necessarily care about our best interests, about whom we cannot say that they always take care of our interest at heart. He said, “Brazil has to give us $ 258 billion. India owes us $ 216 billion. This list of our foreign lenders is long. “In the year 2000, the US had a debt of 5600 billion dollars. This doubled during Obama’s time.
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In January, US President Joe Biden announced a $ 1900 billion Kovid 19 relief package to counter the crisis caused by the epidemic. Moon and other opposition MPs opposed the package. Mooney said that in Obama’s eight years, we have doubled the debt on us and today we are going to increase it further. The debt-to-GDP ratio has gone out of control.