ELI5: If borrowing money means you have to pay it back…
0 reactions
ELI5: If borrowing money means you have to pay it back, why do countries like the US or many others just keep adding to their debt forever?
Whenever you take a loan you do so with the expectation that you will pay it off. America is trillions of dollars in debt as so is almost the entire planet, so what is the logic behind it if only keeps increasing? If seeing it go down would be a good thing, why does it seem to never happen or be on that trajectory?
#education
Whenever you take a loan you do so with the expectation that you will pay it off. America is trillions of dollars in debt as so is almost the entire planet, so what is the logic behind it if only keeps increasing? If seeing it go down would be a good thing, why does it seem to never happen or be on that trajectory?
#education
| 2,000 mlx | |
| 3 | |
| 0 |