It was big news when our national debt recently passed the $20 trillion mark. What’s less understood is exactly why having such a massive debt is a bad thing. The short answer is that too much debt slows economic growth, reducing living standards.
Barack Obama, and George W. Bush were leaders who lacked the integrity to do what’s best for the country by keeping spending and debt in line. President Donald Trump also shows no interest in explaining to the public how runaway debt chokes off the future. That’s a failure which we’ll all be paying for for a very long time to come.
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