How is the US in trillions of debt but still able to spend more money and deepen said debt without having to repay anything?
In: Economics
The US Government pays all its debts in full and on time, always.
It’s just a lot of people are constantly lending it money.
Basically imagine the debt as the lines for a fast food restaurant.
The lines are moving consistently, nobody is complaining about how long the lines are, everyone is getting attended to by the server well and get to the register.
It’s just that there are a lot of servers, registers and lines at the same time, with more servers opening up new lines all the time.
When you measure the debt, it’s like counting all the people in all the lines.
Each person is getting served, there are just a lot of people,
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