The debt on America, the world’s largest economy, continues to grow and has reached a record 29 trillion dollars. The total debt owed to America is about 10 times India’s GDP. Let us tell you that the US economy is about 7 times bigger than India and it is worth 21 trillion dollars. The special thing is that India’s debt to America is $ 21,600 crore, which is about 16 lakh crore rupees. American lawmakers have warned the Joe Biden government of the country’s growing foreign debt. The US has the highest debt of China and Japan.
America’s debt to China is 1 trillion dollars, which is about 74 trillion dollars. At the same time, the Government of Japan has given more than 1 trillion dollars loan to the US. US lawmakers protested against President Joe Biden’s $ 2 trillion Stimulus Package, saying that our enmity is with China and its debt continues to grow on us. This is not good for the country. According to the report of US lawmakers in the US Congress, every American currently has a debt of more than $ 84,000, or more than 60 lakh rupees.
US Republican MP Alex Mooney said that the United States has taken the maximum loan from China and Japan, which is not even his friend. China has always been a competitor to America. Keeping in mind the increasing debt burden, Alex Mooney opposed Joe Biden’s new $ 1.9 trillion stimulus package. According to this report, Brazil also owes US $ 258 billion in debt.
The US had a debt of $ 6 trillion in 2000, which doubled during the Obama regime. After this it continues to grow. Total debt to the US in 2020 was $ 23.4 trillion. According to this, every American had a debt of 72309 rupees, or 52 lakh rupees, which has now increased to more than 60 lakh rupees. Congressional Budget Office estimates that by the year 2050, the US will take another $ 104 trillion in debt, said Alex Mooney. This is a very frightening figure.