Foreign holdings of U.S. debt hit $5.46 trillion

Try cutting military and social welfare expenditures, maybe it'll work.

Meanwhile on the other side of the planet (another Debt addict)...A time bomb has been set on Japan's Economy and it is ticking very fast.

"Foreign DEMAND for U.S. Treasury securities rose to a record level..." in a world with every nation trying to tighten the belt, is there any appetite to raise DEMAND for other countries' debts ? Both Japan & China have no convincing reasons to raise their holding except that they could not afford to 'rock the boat' by trimming drastically their holding given their respective share of US debts represents an enormous risk if the US economy falls through. Reluctant option, keep buying or at least not to cut significantly the holding even if they are tempted to do so in economic downturns !

The japanese have long been buying U.S. debt which meant and means they buy their influence in Washington. A tactic that has worked very effectively for the japanese so the Chinese and Koreans learned this tactic and have also bought influence in Washington.