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Aryanna Simpson
History
29 January, 18:21
What happens to the national debt
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Mary Haley
29 January, 18:25
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In addition to showing the path of future debt, CBO's Long-Term Budget Outlook described the consequences of a large and growing federal debt. The four main consequences are: Lower national savings and income. Higher interest payments, leading to large tax hikes and spending cuts.
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