Are We Borrowing the Money We Give Away? According to "US ECONOMY AND NEWS" by Kimberely Amadeo, Jan. 03, 2020, (apologies for no direct links), the US debt to China is $1.10 trillion as of Oct. 2019. That is 26.7% of the $4.12 trillion in Treasury bills, notes, and bonds held by foreign countries. The rest of the 23 trillion national debt is owned by either the American people or by the US government. itself. According to The Washington Times, the US sends China as much as $50 billion annually.  Our total allotment for all economic and military aid to all countries back in 2017 was $49.87 billion per wilipedia.org. I realize there are all kinds of stats and more current reports, but for me, it's been an ongoing question, are we borrowing the money we give to other countries? Does that make any sense from a strictly financial perspective?  I support our great President 100% for questioning every US tax payer dollar going out to every country.