What is the National Debt?
Civics 101
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Why Do We Need a Bond?
In order to afford expenses that outstrip revenue, the government sells bonds. A bond is a certificate saying, yes, we borrowed money from you, and we're gon to pay it back with interest. Soit's like investing in the stock market, but you're really investing in the government. The majority of our debt, known as public debt, is owned by forein countries like japan, china, the uka, even luxemburg has our government always had a debt.
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