Atomic Playboy
Lifer
- Feb 6, 2007
- 16,432
- 1
- 81
No. According to Forbes there are ~700 multi-billionaires (those with over 2 billion. We owe China over $1.3 trillion. So that would only cover half of what we owe China. In total the federal debt is over $16.8 trillion. The debt to China is just a small part of the federal debt.
You missed one other critical flaw in his statement; he's looking at billionaires WORLDWIDE. Why would billionaires in other countries be paying off America's national debt? According to Forbes, there are a grand total of 442 billionaires in America, and that's including those with "only" $1 billion; it's closer to ~300 or so with $2 Billion or more. Just an utter math fail post on his part.

