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"paying back their debts" isn't a goal of any country, nor should it be. National debt as a % of GDP should go up and down depending on the economic situation,
by danmaz74 13y ago
"paying back their debts" isn't a goal of any country, nor should it be. National debt as a % of GDP should go up and down depending on the economic situation, the current policy goals of the country, and so on. It's important not to let the debt grow too much, but having a zero debt doesn't make sense.
- contingencies 13y agoBack in reality, the US with its global militarism is one of the worst cases for not paying ... because they don't have to. Good visuals: https://en.wikipedia.org/wiki/List_of_sovereign_states_by_public_debt https://en.wikipedia.org/wiki/List_of_sovereign_states_by_pu...