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re: National debt going insane all over the world

Posted on 12/5/18 at 8:28 pm to
Posted by rpg37
Ocean Springs, MS
Member since Sep 2008
47855 posts
Posted on 12/5/18 at 8:28 pm to
SO, when I see the $21 trillion, what is that identifying?
Posted by nugget
Mostly Peaceful Poster
Member since Dec 2009
13820 posts
Posted on 12/5/18 at 8:32 pm to
quote:

SO, when I see the $21 trillion, what is that identifying?


That's debt. We all borrow money from each other. If I borrow 10 million from you and you borrow 10 million from me, were both in 10 million of debt, but don't have a deficit. That's very simplistic, but it's the general gist.
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