I'm at this point, nice and early, going to declare that I don't have a great understanding of economics. Here we go. If you notice any huge mistakes, please feel free to jump in and correct it.
Why does a country having a large amount of debt matter? Everyone is just working on credit as is right? There isn't that much money in the world.
So, if everyone was to call in each others debts, would it make any real impact? Are countries really just going to stop doing things for each other because they have a bad credit rating? Is there a point when you need to step in, or can you just let it mount up, because it isn't a real debt is it, just a number on a website that nobody ever expects you to pay back? Do you let the debt increase to keep services for your citizens?
Is this really important, or is it just something that people use to win elections?
Why does a country having a large amount of debt matter? Everyone is just working on credit as is right? There isn't that much money in the world.
So, if everyone was to call in each others debts, would it make any real impact? Are countries really just going to stop doing things for each other because they have a bad credit rating? Is there a point when you need to step in, or can you just let it mount up, because it isn't a real debt is it, just a number on a website that nobody ever expects you to pay back? Do you let the debt increase to keep services for your citizens?
Is this really important, or is it just something that people use to win elections?
Source: http://forums.ufc.production.sparkart.net/showthread.php?t=127670&goto=newpost
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