The article discusses the significant implications of the national debt on government functionality and public welfare. It highlights how politicians threaten to cut federal programs under the pretext of reducing national debt. The burdens of high national debt include inflation and rising interest rates that negatively affect citizens' lives. It points out the recurring issue with the debt ceiling, emphasizing its role in government dysfunction and job losses, showcasing a grim outlook on fiscal management under current leadership.
The national debt can lead to high inflation, high interest rates, and financial crises.
Regularly, the government faces debt ceiling conflicts, leading to operational shutdowns and impact on employment and program efficiency.
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