U.S.’S DEBTOR STATUS WORSENS DRAMATICALLY: “Over the years, America’s status as a creditor or debtor has changed enormously. In the early 1980s, America’s net international investment position averaged $350 billion, or 11 percent of GDP, making the United States the world’s largest creditor. Today, it is the world’s largest debtor – by far. . . . Foreign governments have taken notice – in particular, China, which now holds more U.S. Treasury debt than any other country.”
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