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so the government is in defication, i mean deficit, how those words are similar.
anyway, who do they owe all this money to, where was it borrowed from?
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Note that I haven't read the articles posted, so I don't know any particulars. However..
IIRC, the majority of the American debt is owed to.....Americans. We borrow the money from ourselves, and promise to pay it back.
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By "we", I mean, the public sector, e.g. the government, borrows the money from the private sector, e.g. you and I, etc, and promises to pay the private sector back.
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