Why does it matter how much debt a country has?

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For as long as I’ve been aware, the United States has been over $20 trillion in debt. However, the US is still the richest country on the planet and manages to keep the vast majority of its people off the streets. And as far as I know, this number is only increasing with time. So then why does it even matter?

In: Economics

5 Answers

Anonymous 0 Comments

Because the people you are indebted to *control you.* And the more debt you have, *the more control they have.*

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