The US has the highest national debt in the world, a quarter of which is owned by other countries.

A primer for those who don’t understand.

  • Brkdncr@lemmy.world
    13·
    1 year ago

    Getting a loan for something that will pay off more than the loan interest isn’t a new idea.

    If I buy a cotton candy machine and make more than enough to pay off the interest buy selling cotton candy then it’s economically sound.

    That’s how the us debt works.