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US deficit - to increase over 1 trillion in next 10 years
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<p>[QUOTE="myownprivy, post: 2924239, member: 84588"]A budget deficit is when the government spends more than in brings in through revenue in a year. The national debt is the accumulation of all of those deficits over time.</p><p><br /></p><p>The national debt is largely irrelevant so long as the country in question continues to pay interest on that debt to all those who hold it. In the United States' case, the largest shareholders of debt is the American public (through intragovernment borrowing, individuals purchasing bonds, etc.). Very little of the national debt is held outside of the United States. Most countries and people park their safe investments in American debt because of the safety of doing so.</p><p><br /></p><p>However, the American public is very misinformed about this issue. Many erroneously believe the national debt is a crisis. That drives purchasing of precious metals, cryptocurrencies, and other fringe alternative investments when people become terrified about their own security. </p><p><br /></p><p>If you play your cards right, you can take advantage of the American public's ignorance.[/QUOTE]</p><p><br /></p>
[QUOTE="myownprivy, post: 2924239, member: 84588"]A budget deficit is when the government spends more than in brings in through revenue in a year. The national debt is the accumulation of all of those deficits over time. The national debt is largely irrelevant so long as the country in question continues to pay interest on that debt to all those who hold it. In the United States' case, the largest shareholders of debt is the American public (through intragovernment borrowing, individuals purchasing bonds, etc.). Very little of the national debt is held outside of the United States. Most countries and people park their safe investments in American debt because of the safety of doing so. However, the American public is very misinformed about this issue. Many erroneously believe the national debt is a crisis. That drives purchasing of precious metals, cryptocurrencies, and other fringe alternative investments when people become terrified about their own security. If you play your cards right, you can take advantage of the American public's ignorance.[/QUOTE]
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US deficit - to increase over 1 trillion in next 10 years
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