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motikmotik
3 years ago
7

What happens to the national debt

History
1 answer:
gizmo_the_mogwai [7]3 years ago
4 0

In addition to showing the path of future debt, CBO's Long-Term Budget Outlook described the consequences of a large and growing federal debt. The four main consequences are: Lower national savings and income. Higher interest payments, leading to large tax hikes and spending cuts.

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