Quote:
Originally Posted by thommy
IF a country is in a good economic position WHY does it need MORE debts as in the time when it was in no good condition?
why does it not pay back debts instead?
this must be understandable for even the biggest moron because it is a basic economic rule what is valid for EVERY household.
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Europe doing the same, making more debts. Most European countries have more debts than the USA. And it is just in line what is happening since 2002 with the grow of debts in the USA.
In Holland it is also Always the question if the government should pay off debts. Sometimes they said that interest was so cheap, better to invest now and make more debts.
In the end, we all know what comes up, must go down.