Forty years ago today, on September 16, 1985 (August 2, 1985 lunar calendar), the United States became a debtor country for the first time since 1914. September 16, 1985 The United States became a debtor country for the first time since 1914 September 16, 1985. The world's economic powerhouse, the United States, is now heavily indebted. This is an incredible change that has taken place in the United States since 1914. For years, economists have noticed that the United States has been drawn into the predicament of fiscal deficits. The deficit data disclosed by the Department of Commerce shows that the current account deficit of the United States (including tangible and intangible trade with the rest of the world, as well as investment income, etc.) has reached 30 billion US dollars. This fiscal deficit just offsets the previous year's surplus of 30 billion dollars. In short, the US foreign debt is higher than the domestic debt. As a result, the United States will pay more interest on its debt to foreigners than it pays to Americans. This new fiscal position makes the United States highly vulnerable to fluctuations in international markets. According to an official at the Institute for International Economics, "If the dollar depreciates tomorrow, we will lose money." Comments: I didn't expect that countries with such strong economies would have such a day.