Is the national debt good or bad?

The National Debt Good or Bad? Spending financed not by current tax receipts, but by borrowing or drawing upon past tax reserves. Is it a good idea? Why does the U.S. run a deficit? Since 1980 the deficit has grown very big. Some say its a bad thing, and predict possible doom, others say it is a safe and stable necessity to maintain a healthy economy. In the beginning the Government only generated deficits during …

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