Why do governments acquire debt?

From a public policy standpoint, the issuance of debt is typically accepted by the public, so long as the proceeds are used to stimulate the growth of the economy in a manner that will lead to the country's long-term prosperity

legislative branch:

one of the three branches of government divided between the senate and the house of representatives.

- creates or makes laws

- power to override a veto

executive branch:

one of the three branches of government, headed by the president.

- enforces or carries out laws

- power to veto a bill sent to it by congress

judicial branch:

one of the three branches of government, headed by the chief justice of the supreme court.

- interprets laws

- power to declare laws or actions by the government unconstitutional

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