In order for the American economy to register growth, as measured by GDP (the annual change in total value of all goods produced and services provided in the US), that growth is now based solely upon the growth in federal debt. Without the federal deficit spending, the economy would be shrinking.
You can read the details @
https://econimica.blogspot.com/2018/02/who-is-it-that-wants-to-buy-trillions.html
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