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What is National Debt?

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  • The U.S. National Debt: What is it, where did it come from, and how does it work?

    I am not from USA. I read few articles about the US National debt but still can't get the sense of it. Could you explain it in simple words? I know that it is huge. I can't understand following things: What sort of debt is it? Was it given in US Dollars? If yes, couldn't US gov't just print them? What does it mean that debt is increasing? US gov't getting more money? USA is one of the wealthiest states, why does it have huge debt? Who gave this debt to US? why don't they claim it? and what happens...

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    It is in dollars, but US government can not "print" dollars. That's prerogative of the Federal...

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