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The world's combined national debt was 2004: $44,620,000,000,000

http://en.wikipedia.org/wiki/List_of_countries_by_external_debt

In the list of 198 countries, only 5 very small nations have zero debt. Huge amounts of interest for national debt is payed by almost all nations in the world. Who receives this interest?

2007-07-21 02:59:13 · 2 answers · asked by Anders 2 in Politics & Government Law & Ethics

2 answers

Each lender gets the interest from those who borrowed from that lender.

There isn't one universal bank that everyone borrowed from.

2007-07-21 10:16:44 · answer #1 · answered by coragryph 7 · 0 0

We have a $9 trillion debt. all ran up by Bush and Republicans in Congress. Over the past six years. Under Clinton we had no debt and even paid on it twice. China gets cash from Wall-mart.
China and Canada own much of our debt they would get the interest payments made by American tax payers.
In 1994 net interest on the debt was $203 billion or 14 percent of total outlays by tax payers. National defense was $336 billion or 22 percent of total outlays by tax payers.

2007-07-21 03:13:51 · answer #2 · answered by jack09 2 · 1 0

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