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
To put it like this:
You have 20 money. Now you borrow 5 money from Marc and Karen.
You now have 30 money and 10 debt.
You now borrow 20 money from Joe. And pay back 5 to Karen.
You now have 45 money and 25 debt.
What I am trying to get is, that debt and your ability to spend money are seperate concepts.
You are never interested to pay your debt before it’s due and instead of paying back from your “starting pile” you try to pay debt with new debt.
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