Question by Elaine G: With the massive national debt, is it possible that the government goes “bankrupt”?
That is a scary thought. It sounds like the great depression or something. I know that there is ways to curb the national spending including less wars, but it seems like they have reached the debt cieling or whatever. I don’t understand economics too much but I am self-employed and know how it is to run a business. So if the country goes bankrupt, then what, does it get owned by another country or does the government restructure itself
Answer by the one
do you speak chinese?
What do you think? Answer below!