Its called debt trap.
Its something people fall for due to their low IQ.
A smart person like me thinks "I need to reduce my expenses and increase my income".
But a stupid person thinks like this:
"My monthly expenses are 1000$ but I only earn 800$.
So I will borrow 200$ so that I may cover my expenses for this month."
Then the debt trap comes in:
"The next month has come. Now this month, my expenses are still 1000$ and I still only earn 800$.
But now I also have 200$ debt, which makes my total expenses 400$ this month.
In order to cover expenses, I need to go further in debt, but this time I must borrow 400$ instead of 200$ to cover all expenses."
Basically, debt trap works on weak minded people because they dont see the fact that if you borrow money to cover expenses for one month, you are just doubling your expenses next month.
Usually, you would think people who got 16 years of education would know basic principles of economy, but no.
Debt trap works in such ways that debt can never be payed back without going further into debt.
Sadly, people are retarded and now USA has literally fallen into debt that is impossible to pay off, but the funny part is that USA is not the only one.
Almost all countries around the world are drowning in debt.
This is because the basic principle of economy is ignored.
Politicians promise all kinds of things to people. To fulfill at least some promises, they need to increase expenses. To cover expenses, they need to go into debt.
The only solution out of debt trap is increasing income greatly or reducing expenses greatly, or both.
But no politician wants to do either.
You get what you voted for.
