How come the “richest countries” have the most debt

889 viewsOther

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.

In: Other

34 Answers

Anonymous 0 Comments

Debt is just a promise.

The more powerful you are, the more promises you can make and still be expected and able to keep those promises.

You are viewing 1 out of 34 answers, click here to view all answers.