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Old 10-04-2007, 11:45 AM
Orlando Salazar Orlando Salazar is offline
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Join Date: Nov 2006
Location: DUCY
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Default Re: Why do governments borrow money?

LOL, maybe you should learn macroeconomics (and not from a community college).
In all seriousness, the Gov't debt is indirectly financing our consumption. The biggest owners of our debt are our trade partners. They are giving us their goods for a promise that we will have something worth giving to them in the future.
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