politics @lemmy.world · 1 day ago

The US has $36 trillion in debt. What does that mean, and who owns it?

www.aljazeera.com

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The US has $36 trillion in debt. What does that mean, and who owns it?

www.aljazeera.com

MuskyMelon@lemmy.world to

politics @lemmy.world · 1 day ago

The US has the highest national debt in the world, a quarter of which is owned by other countries.

A primer for those who don’t understand.

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AmidFuror@fedia.io
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1 day ago
No, but the deficit has periodically been eliminated. You can’t fix the debt by running a surplus for a couple of years and then slashing taxes / raising spending again.

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