Tuesday, September 1, 2020

How Will The U.S. Pay This Enormous Debt?

In previous economic hard times companies that people never thought could go bankrupt collapsed don't think it cannot happen it has happened and it will happen again. 

Six months ago the United States was the largest debtor nation in the history of the world. We never had any other country been so deep into debt. Since then the U.S. has increased its debt by trillions with a T, trillions more. 

If you give me a few trillion dollars I will show you a very, very good time. We will all have a wonderful time with a few trillion dollars but somebody eventually has to pay the price because somebody has to worry about paying it back.

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