A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Why does the U.S. keep spending money it doesn't have?

Best Answers

Governments that are sovereign issuers of their own non-fixed, non-pegged currency, with their own national central bank, such as ours and a handful of others, never "have" money and never "don't have" money -- because they create money or issue money, when they issue payments. read more

All money in the economy would have to come from private bank loans, like mortgages, which consumers and debtors do have to pay monthly. We are not obligated to make payments on govt spending we may receive, indirectly or directly. read more

Encyclopedia Research