When did the US start borrowing money from other countries?

When did the US start borrowing money from other countries?

Postby maelwys » Tue Apr 19, 2011 4:44 pm

The US national debt right now is 14,303,409,000,000 that's 14 trillion three hundred three billion four hundred nine million and rising by the second!!! How did it get to that extreme? What negative repercussions could our overspending cause on future generations? If you want to see the actual numbers for state and federal income and debt check out this site. . .url_not_allowed.usdebtclock.org/
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When did the US start borrowing money from other countries?

Postby latimer » Tue Apr 19, 2011 4:45 pm

.
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When did the US start borrowing money from other countries?

Postby bevyn54 » Tue Apr 19, 2011 4:47 pm

This will Explain

url_not_allowed.youtube.com/watch?v=Dc3sKwwAaCU
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When did the US start borrowing money from other countries?

Postby jarin26 » Tue Apr 19, 2011 4:48 pm

The US started borrowing from other countries before the US existed as an independent nation. Surprise, this is actually not new.
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When did the US start borrowing money from other countries?

Postby sakeri80 » Tue Apr 19, 2011 4:50 pm

To operate the federal government, the United States must borrow money by selling several types of debt instruments, or securities, to the general public. Funds are raised by selling securities, such as Treasury Bills, United States Saving Bonds, Notes and Bonds. These debt instruments are also backed by the full faith and guarantee of the federal government and are typically purchased by individuals, states, corporations and foreign governments. The debt is repaid by the federal government with interest.
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