Post
Topic
Board Economics
Re: The only thing goes up is debts! It’s inevitable!
by
Maroons
on 13/10/2020, 06:16:11 UTC
It is true that almost all countries have experienced an increase in the amount of debt due to the unstoppable spread of the corona virus.
And the state must go into debt to save the economy, so it is true that increasing debt cannot be avoided. Without being indebted, the state
cannot provide assistance to its people who have lost their jobs, a big disaster that happened in 2020, indeed destroying the world economy.
Hopefully this COVID19 pandemic will end soon, so the national debt will not continue to increase.
Many countries are not really focusing on how big their debt it because people is more valuable than the country's economy, leaders are willing to accept that their country needs to be in debt in order to save its people and yes it is gonna be hard in the long run because the government will need to increase tax or anything in order to slowly pay their debt once this pandemic ends