Your Journal Entry The national debt seems to have a life of its own independent of human control,
What are the implications of the national debt on public policy and how should we weigh the dangers that debt might pose?

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What are the implications of the national debt on public policy

The implications of the national debt on public policy are decreased national savings and income. Increased interest payments will result in significant tax increases and budget cutbacks, as well as a reduced capacity to react to challenges.

Explanation:

How should we weigh the dangers that debt might pose?

As the saying goes, if you find yourself in a hole, stop digging. Most people at least attempt to live by this rule. Governments, however, rarely do. Borrowing more money, raising spending, and cutting taxes are three surefire ways to dig deeper into the hole

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