How is the United States able to give billions to other countries when we are trillions in debt and how does it get approved?

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How is the United States able to give billions to other countries when we are trillions in debt and how does it get approved?

In: Economics

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Anonymous 0 Comments

I have a mortgage, but I still have income/can get other loans to spend money however I’d like. The same goes for the US govt, except they are way better at convincing others to loan them money than any individual is.

Also, they are uniquely able to create money from thin air.

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