National debt is completely different than your personal debt.
Personal debt is when you buy a TV with your credit card. National debt is when a country invests into a highway or opens another school.
A closer example is when you take on a personal debt to fund a new business restaurant. You’re still in debt but you’re making money and employing people.
National debt is completely different than your personal debt.
Personal debt is when you buy a TV with your credit card. National debt is when a country invests into a highway or opens another school.
A closer example is when you take on a personal debt to fund a new business restaurant. You’re still in debt but you’re making money and employing people.
And your business is highly successful but never profitable because you’re always in debt and so are most of your employees and customers.