Why does everybody lend money to the US government?
The US government borrows a lot of money. Currently, they owe roughly $29 trillion—roughly 100% of their GDP. And a big chunk of this—Almost $7 trillion comes from other foreign countries. But here’s the interesting bit. Even India features on this list and as it stands, the US owes us about $216 Billion. So the question is simple — Why are the likes of India lending money to the US and why isn’t anybody talking about it?
