eli5 If the U.S. is in so much debt, how do they remain one of the most powerful & influential countries in the world?

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I feel like the United States is always meddling in other countries affairs and yet still climbing further into debt. Kind of like someone giving you advice on a golf course who is terrible themself. Is it the military presence? Economic relationships?

In: Economics

27 Answers

Anonymous 0 Comments

The U.S. always pays their debt.

Its not like a credit card balance, its like a large number of IOUs. You give the government money, they give you an IOU good for the amount plus a little extra. When the time comes you give them the IOU and they give you the money promised.

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