this post was submitted on 15 Dec 2025
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Explain Like I'm Five

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[–] HobbitFoot@thelemmy.club 1 points 1 day ago

The USA has been able to pay its debts for the most part since the Constitution has been in place, so people trust the federal government to pay it back and give it one of the lowest dollar denominated interest rates.

The debt has gotten large recently due to deficit spending and low interest rates.