The economy is a popular topic these days among many people. It can be hard to understand how national debt affects us personally. Here is an article that may help explain it. http://money.usnews.com/money/personal-finance/articles/2011/03/31/how-the-national-debt-affects-you
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Delayed social security, rising interest rates, difficulties in investing, tax payers paying the burden, and a recession that extends across nations are five ways the national debt can affect the economy. For businesses and trade to be strong, the national debt cannot be high.
the national debt was something used to create national debt
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What was the national debt in 2003?
$350,000,000 in national debt
The US National Debt is nearly $16,963,703,000, or 16.9 trillion dollars.
The national debt of this country is ridiculous.
National events, such as economic downturns, natural disasters, or significant policy changes, can significantly impact national debt. For instance, during economic recessions, governments often increase spending to stimulate growth, leading to higher debt levels. Conversely, events that boost economic activity can increase tax revenues, potentially reducing debt. However, persistent deficits from ongoing expenditures can exacerbate national debt, regardless of economic conditions.
He wanted to cut the national debt.
NOTHING the national debt was completely irrelevant.
Yes, you can lose it if you do not make the payments on it. A bankruptcy discharge does not erase debt. It renders it nonrecourse -- meaning that you cannot be called upon to personally pay the debt. However, it does not affect liens. Therefore, if you don't pay the debt, the lien can be foreclosed.