Why are most countries in debt, who do they owe, and what are the consequences? Why do they go into debt in the first place?
In: Economics
Almost all countries are in debt. Actually I think all are. But it’s mostly through a central bank that works within bonds.
Who you vote for is so important because they are responsible for the distribution of public funds and investment.
Government money should be used to grow and develop public infrastructure, and effectively make a system that benefits the everyday worker to get back from the taxes they pay.
A simple understanding of government spending is that you are paying for what you use and what you need, so who you vote for should align with your priorities in order to make your tax contribution worthwhile and your access to resources or services worthwhile for you and your community.
Borrowing money from other countries is not the first choice to economic growth. And if a leader borrows money from another country for the wrong reason or in a situation of reaction to economic crisis it can be used as leverage and put one country in the pocket of another. So be careful who you choose to manage your funds.
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