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How much should we worry about the national debt?

How much should we worry about the national debt?

Macroeconomics: Private and Public Choice (MindTap Course List)
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter15: Macroeconomic Policy, Economic Stability, And The Federal Debt
Section: Chapter Questions
Problem 13CQ
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How much should we worry about the national debt?
Qw/Docs X A National Debt Docs.pdf - GX ▸ (513) dannylux - YouTube X ▸ (513) As It Was (Spanish Ve x file/d/1p-XbG2Lqa9KXNCv9pC0nGd7e7EDDMTZM/view A Document I Source: From a speech by John Boehner, former Speaker of the House of Representatives, February 28, 2011. O "A Moral Threat" Here we must speak the truth. Yes, this level of debt is unsustainable.... [It] is a mortal threat to our country. It is also a moral threat. It is immoral to bind our children to as leeching and destructive a force as debt. It is immoral to rob our children's future and make them beholden. No society is worthy that treats its children so shabbily. "A good man leaves an inheritance for his children's children," Proverbs* reminds us. For too long, Washington has been ignoring this time-honored principle. *A book in the Jewish Torah and Old Testament of the Christian Bible C DELL S EV 57°F
Transcribed Image Text:Qw/Docs X A National Debt Docs.pdf - GX ▸ (513) dannylux - YouTube X ▸ (513) As It Was (Spanish Ve x file/d/1p-XbG2Lqa9KXNCv9pC0nGd7e7EDDMTZM/view A Document I Source: From a speech by John Boehner, former Speaker of the House of Representatives, February 28, 2011. O "A Moral Threat" Here we must speak the truth. Yes, this level of debt is unsustainable.... [It] is a mortal threat to our country. It is also a moral threat. It is immoral to bind our children to as leeching and destructive a force as debt. It is immoral to rob our children's future and make them beholden. No society is worthy that treats its children so shabbily. "A good man leaves an inheritance for his children's children," Proverbs* reminds us. For too long, Washington has been ignoring this time-honored principle. *A book in the Jewish Torah and Old Testament of the Christian Bible C DELL S EV 57°F
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