Let’s assume you have 2.800€ debt.
A year ago you paid 14€ interest on that debt.
Today you already pay 119€ interest on that debt.
But more importantly, you spend 128€ more than you earn each your. So your debt grows with 128€ + the interest of 119€.
It’s a debt cycle you can never get out of. Only way out is to kick the van down the road and print that deficit and interest every year.
WOW. It's crazy. Thanks for the detailed explanation.🙏
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It is.. thank you for asking. It’s a pleasure to explain this stuff. People should know these things
Every country, will entering the same logic if with a weak govt. team, Disaster for its people
