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
A lot of it is inertia.
Back during the cold War the U.S. threw bags of cash around to help our allies rebuild so that they could be successful enough to help us resist the Soviets.
American manufacturing was still ramped up from the war while Europe’s were destroyed from the was so the economy was strong enough to support this because American goods were filling the gap.
By the time the cold war ended the U.S. had been giving money for decades.
It’s that way because from the point of view of most nations today it’s always been that way.
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