Don_Dickle@lemmy.world to

Explain Like I'm Five@lemmy.worldEnglish · 2 months ago

ELI5 the US debt/budget and how come it seems like I give you 10 dollars and I get two back? I just don't get how its not a regular checking acount situation? How can we be trillions in debt?

25

ELI5 the US debt/budget and how come it seems like I give you 10 dollars and I get two back? I just don't get how its not a regular checking acount situation? How can we be trillions in debt?

Don_Dickle@lemmy.world to

Explain Like I'm Five@lemmy.worldEnglish · 2 months ago

Chat

henfredemars@infosec.pub
link
fedilink
English
arrow-up
10·
2 months ago
Can you explain your ten dollars example in a different way?
- Don_Dickle@lemmy.worldOP
  link
  fedilink
  English
  arrow-up
  1
  arrow-down
  2·
  2 months ago
  I give you 10 dollars you give me back 2. So that means I am 8 dollars behind since i just gave you my ten.

Explain Like I'm Five@lemmy.world

explainlikeimfive@lemmy.world

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !explainlikeimfive@lemmy.world

Simplifying Complexity, One Answer at a Time!

Rules

Be respectful and inclusive.
No harassment, hate speech, or trolling.
Engage in constructive discussions.
Share relevant content.
Follow guidelines and moderators’ instructions.
Use appropriate language and tone.
Report violations.
Foster a continuous learning environment.

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

5 users / day
25 users / week
1.12K users / month
2.99K users / 6 months
1 local subscriber
20.2K subscribers
182 Posts
4.18K Comments
Modlog