3 ms·
The debt of a country is completely different from the debt of a person or a company. Basically the difference is that countries can print money, but what it me
by ducttapecrown 6y ago
The debt of a country is completely different from the debt of a person or a company. Basically the difference is that countries can print money, but what it means is that large amounts of debt are okay and even desirable. The U.S. in particular is in an even safer spot because the dollar is the world reserve currency.
The debt of the worlds countries will explode if and only if money goes to hell.
I'm not an expert, so I'd encourage you to do some your own research.