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Cake day: July 29th, 2023

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  • toddestan@lemm.eetoMemes@lemmy.mlthe debt
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    3 months ago

    Well, that’s a misleading title. All the countries in their list have some debt, just less than most.

    All countries carry some debt, because they need to show a history of reliably making payments on that debt in case they need to borrow money in the future for whatever reason. Not all countries, however, run massive deficits every year.