What are the implications of a large national debt?
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It depends how large is "large" (i.e., relative to your tax base), and what you're other obligations are. Every country has a debt capacity that is based on its ability to tax its people to make payments on its interest. read more
The large amount of debt could also compromise national security by constraining defense spending in times of international crisis or by limiting the country’s ability to prepare for such a crisis. read more
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Economic effects of a budget deficit
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How large is the UK’s national debt, and why does it matter?
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How the National Debt Affects You
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How the U.S. National Debt Affects You
www.nodebttoday.com