FIVE REASONS WHY AMERICA IS IN DEBT
The U.S. debt is the sum of all outstanding debt owed by the federal government. On February 11, 2019, it exceeded $22 trillion.
The debt is greater than what America produces in a whole year. This high debt-to-gross domestic product ratio tells investors that the country might have problems repaying the loans. That’s a new and worrying occurrence for the United States. In 1988, the debt was only half of America’s economic output.
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Why can’t the U.S. government print more money and pay off their debt?
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