Michigan State University Ideas of Debt Questions

Description

Hi, Please answer the question from the prompt below, and generate a question from it about debt. Also, please respond to the student post below: PROMPT: My dad always told me “you only make money in this world with other peoples money…”I didn’t understand what he meant by this when I was younger. For a very long time in my life I viewed debt as an evil. However, after really learning more about debt you start to see it differently. You begin to understand the flow of money and how debt can be used to your advantage. However debt has major disadvantages as well. Discuss how your ideas of debt have changed after experiencing this weeks lecture. Do you view debt as better or worse than before? What are some things about debt that surprised you?
Student Post (respond at least 4-5 sentences)Anna J. Will we realistically ever be able to pay back the national debt of the US?As we know the United States has an insanely high amount of debt, which only got higher because of the pandemic. Is there any possible way for our national debt to be paid off? If so how? While being in a bit of debt is not harmful, and keeps other countries interested in our well being, there’s no way this much debt is beneficial. Are there any actions other countries can take against us because we haven’t paid our debt back to them? How have we not gone to war with more countries over this matter?
Matt G. Should debt be explained differently to young people?Up until this lecture, I thought that debt was bad and the only way to get out of it was to pay it back in full plus interest. Having learned that debt has positives as well as negatives, I wonder should we teach kids that debt does not have to have a negative connotation.

Tags:
credit card

national debt of the US

generating income

increase net worth

payment schedules

User generated content is uploaded by users for the purposes of learning and should be used following Studypool’s honor code & terms of service.

Reviews, comments, and love from our customers and community:

This page is having a slideshow that uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser.

Peter M.
Peter M.
So far so good! It's safe and legit. My paper was finished on time...very excited!
Sean O.N.
Sean O.N.
Experience was easy, prompt and timely. Awesome first experience with a site like this. Worked out well.Thank you.
Angela M.J.
Angela M.J.
Good easy. I like the bidding because you can choose the writer and read reviews from other students
Lee Y.
Lee Y.
My writer had to change some ideas that she misunderstood. She was really nice and kind.
Kelvin J.
Kelvin J.
I have used other writing websites and this by far as been way better thus far! =)
Antony B.
Antony B.
I received an, "A". Definitely will reach out to her again and I highly recommend her. Thank you very much.
Khadija P.
Khadija P.
I have been searching for a custom book report help services for a while, and finally, I found the best of the best.
Regina Smith
Regina Smith
So amazed at how quickly they did my work!! very happy‚ô•.