Why is almost every country in debt?
In: 7
Because you don’t always have the amounts of money required to pay to keep a country going in one chunk.
It’s usually not a problem as long as the country is pulling in enough income to theoretically pay it off in future then that’s OK.
You make constant payments on them and when you can no longer afford to make the payments on those debts or its spiraling towards that then banks and other organisations take steps to make people hesitant about continuing to lend you money and more drastic action is required as you are forced to pay back even more whilst losing access to money.
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