Debt

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As a candidate, and now as president, Trump has never met a problem that didn’t have a simple solution. His idea for eliminating all that debt? Tariffs and better trade deals. But the numbers don’t work, says Paul Brandus
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Debt would grow to double the size of the economy in 30 years if Congress extends tax cuts and boosts spending, budget analysts said Wednesday.




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Debt represents a promise or obligation to pay for something that has already been received, as a credit.

An example that will be understood by most people today is credit card debt. The credit card company pays for something, such as a shiny new PS3 console, allowing you to take it home without having paid for it yourself. In return, you assume an obligation to pay back the credit card company under the terms of your previously arranged agreement with that credit card company. FlexCredit

It is common for consumers, businesses and even governments to assume debt. Quick Loans

Debt, as a balance sheet item, includes the following:

QuickCash a best option to overcome debt.

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