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Because the US spends far more each year than it takes in. That is called the deficit.
Every year that we have a deficit, we need to borrow money to make up the difference. That is called the debt.
Much of that loaned money comes from China, or the debt was assigned to China by whoever the US borrowed from.
Since we're living on borrowed money, we have to owe someone. China is one of those someones.
What else can I help you with?
Does America owe China more than Japan?
America doesn't owe China or Japan anything. If anything, they owe China because they were allies in WWII and were one of the original four countries to form the UN.
is the money free so i will owe nothing back?
is the money free so i will owe nothing back
Where in life do WE use negative numbers?
When people are in debt! You can owe people so much money that you actually have a negative amount of money.
What is a federal tax form?
The 1040 is a form that gathers information on how much money you make so they can tell you how much money you owe. That way you know how much you need to pay them back.
What is a federal 1040 tax form?
The 1040 is a form that gathers information on how much money you make so they can tell you how much money you owe. That way you know how much you need to pay them back.
How did the economic system impacted china?
We mostly owe China our debt. So if we don't pay soon, they will take over US trade with Australia causing us to loose even more money. (also, China's military is expanding vigorously)
Why do china make so much stuff?
because it maces more money
Why did the US join the afgan war?
We Americans are Bullies ! and We are very Noise . You don't see China and Egypt and all them people worried about all that stuff . And we owe allot of money to China and stuff so. Yea, we noise .
What do you do to owe your parents?
Children are not legally responsible for their parents, so I can't imagine how you would owe money to them.
Why does the United States owes china so much money?
There you have it!! The interest...why does US goverment have to pay interest for the money it uses as a medium of exchange. Because US goverment does not print it's own money and have to pay interest to the Federal reserve (privately owned!!) for the money it could have printed on its own (like Abraham Lincoln did ..) So agreed that it would still have to pay interest to China, but it would get rid of the interest as well as half of its debt (which is to the FED) and the interest!! Then if US improves it's economy and produce stuff then to consume, it can pay off China's debt which is merely 10% of its total debt! I really don't care, but why do we owe money to China?
What does the welsh joke Owain Hughes mean?
Owain Hughes means to owe money so its owe money do you?Owain is a form of Owen. Owen Hughes.
What do you goods do you give china in return for their goods?
Everything we have left to spare. This is because we owe so much to the world that the only things we can offer them are the things we don't need.
