Life as a loan

In the first of June President of the United States Joe Biden signed the law which suspends a ceiling the American national debts till January 1, 2025 and reduces some articles of the budgetary expenses. Thus the American authorities managed to avoid the next threat defaults about which Joe Biden declared that "nothing could become more catastrophic" for his own country and the whole world. What is national debt? It is debt the federal Federal Government of the United States before the creditors. Washington D.C. borrows money to cover the deficit budgets and to pay all necessary expenses: on...