•2 years
Why does our country have to keep borrowing?
For the past 30 years, our country has been spending more than it has to spend every year. Let's say it has 500 at its disposal, but it spends 1000, so it has to borrow every year. From whom and at what interest rate? In simple words, explain how this works.
For the past 30 years, our country has been spending more than it has to spend every year. Let's say it has 500 at its disposal, but it spends 1000, so it has to borrow every year. From whom and at what interest rate? In simple words, explain how this works.
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