Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy the U.S. economy needs debt, according to some economistsThe 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.
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