The USA and Chin have the highest debt in the world but i don’t understand the concept of them being some of the wealthiest countries, does that debt need paying off? How do they get this debt? Ultimately it just doesn’t make sense to me.
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Who do you think has more debt, you making $21/hr driving a 2001 honda civic or the guy making $800,000 a year with a $5mil home, $180k law school debt, $100k luxury truck and $80k boat?
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