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Why does the US owe money?

Updated: 8/17/2019
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14y ago

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The US, much like other nations, organizations, and individuals everywhere, often wishes to spend more money than it actually has, and that becomes possible by borrowing. And it's always easier to borrow money than it is to repay it, therefore the total amount of debt tends to increase.

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14y ago
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Q: Why does the US owe money?
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