Is U.S Borrowing for Consumption?

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United States borrowed about $439 Billion from others in 2010. That year we had a private investment of $1840 Billion. The investment was on plants, equipment and buildings. Also, we had a Government investment of $500 Billion. This investment was on defence though.

This is absolutely why the borrowing is necessary. Also government uses this for the health care services and other public services.

 

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