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/biz/ - Business & Finance

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54244578 No.54244578 [Reply] [Original]

Why do governments operate with huge amounts of debt? If I personally feel more financially stable than most of my peers because I don't have credit card debt, wouldn't a country be a lot more financially stable if it only spent money it actually had? Is this why US govt doesn't want you to withdraw money from bank?

>> No.54244602
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54244602

>US government is playing with the money in your bank in the same manner that Sam Bankman Fried played with crypto investors money

OOOOOO NOOOOOO AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA


ITS ALL GONE

>> No.54244904

Debt isn't bad per se as long as you have the economic prowess to increase your earnings. Think of debt as a crutch that allows your country/company to move larger quantities of money.