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Students Shocked By Their Share of the National Debt

The debt ceiling debate, out of control federal spending, higher taxes…what does it mean for future generations? The federal government’s suspension of the borrowing limit has expired and Congress will now need to deal with over $18 trillion in national debt by either facing the unlikely scenario of default or by passing a new spending bill that avoids a government shutdown. But what does all that mean to the average person? Ultimately, the American taxpayer is on the hook for whatever outcome Congress chooses. The answer is of course, an increased burden on future generations to pay off America’s seemingly insurmountable amount of outstanding debt. So what does the average person think of their federal-debt liability?

via CampusReform


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