Over the same time period, the US also moved from being a debtor to a creditor nation as its exports surged.
Morality and economics go hand in hand, sometimes in the past a debtor was seen as a wicked person now they are a good consumer
Most of the debtor businesses are now bankrupt or in liquidation.
Canceling the debt gives poor or debtor countries a fresh start and provides crucial relief to people in great need.
Often a student loan is the first time a debtor has borrowed money from a financial institution.
Twenty years ago we were the biggest creditor in the world, and now we are the biggest debtor .
The lender trusts the debtor will be able to pay the principal and interest on time.
In either case, the owners must pay back the debtors before getting any money back.
All of which means that we are a nation of debtors , people who, in large numbers, live beyond our means.