Don_Dickle@lemmy.world to No Stupid Questions@lemmy.world · 6 days agoHow was the US national debt created? Does the US have problem paying it's bills? Who are we in debt to?message-squaremessage-square22linkfedilinkarrow-up134arrow-down17
arrow-up127arrow-down1message-squareHow was the US national debt created? Does the US have problem paying it's bills? Who are we in debt to?Don_Dickle@lemmy.world to No Stupid Questions@lemmy.world · 6 days agomessage-square22linkfedilink
minus-squareThatGuy46475@lemmy.worldlinkfedilinkarrow-up4·6 days agoThe debt is created selling government bonds, which are basically iou’s. People buy them as investments, you might have some if you have a 401k or Ira. The U.S. currently has a decent credit rating.
The debt is created selling government bonds, which are basically iou’s. People buy them as investments, you might have some if you have a 401k or Ira. The U.S. currently has a decent credit rating.