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

Question

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

Answer 1

Governments being in debt is not like an individual being in debt, debt is good particularly when taken on in beneficial scenarios, and necessary in modern economies.

Whenever you see someone talk about how we’re trillions in debt you can immediately brush off any opinion they have about how the government works, it’s similar to people who don’t know how tax brackets work and think if you make a dollar over your entire income is taxed at a higher rate.