“Forty-six percent of the publicly held bonds issued by the U.S. government are held by people in other countries.”
— Basic Economics by #ThomasSowell
Office of Management and Budget, Analytical Perspectives: Budget of the United States Government, Fiscal Year 2013 (Washington: Government Printing Office, 2012), pp. 81, 82.
This seems to be in contrast to what Avik Roy states in his National Affairs article. If you haven’t read Avik’s article I highly recommend it!
https://nationalaffairs.com/publications/detail/bitcoin-and-the-us-fiscal-reckoning