The U.S. owes almost US$3 trillion to just Japan and China alone as it prints about US$696 million per day. According to the International Monetary Fund (IMF) or the worlds loan shark, China has even passed the U.S. as the worlds largest economy.
What I don't understand is why does the US own Japan and china so much? Why do they even need to borrow so much money when they can just print their own not to mention why would they want to be in so much debt that they can't ever really repay?
That is how the system works, everybody is indebted to someone. People will blame stagnated wages, inflation, banks, probably even the direction the wind blows on any given day, however the answer is pretty simple. The main reason the American government is so heavily in debt is overspending.
Will they ever repay? No.