Why the U.S. economy needs debt, according to some economists (11.27 Min):
The U

Why the U.S. economy needs debt, according to some economists (11.27 Min):
The U.S. national debt hit nearly $33 trillion as of early September 2023. Every year since 2001, the U.S. government has spent more money than it takes in, which means it has to borrow money to make up the difference. The national debt is frequently discussed as a danger to future generations, but some economists say that, unlike household debt, there’s no reason to get the national debt down to zero. Most economists warn, however, that there’s a balancing act when it comes to the national debt. (Watch the video link below)
https://www.cnbc.com/video/2023/09/10/why-the-us-e…
Requirements: 150 words