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Pros And Cons Of The National Debt

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"Blessed are the young for they shall inherit the national debt."
-- Herbert Hoover
One of the most politically debated topics in the US is the National Debt. What is national debt? The national debt is the total money the US federal government owes to different places. Examples are states, foreign countries, and any other groups or companies the US has borrowed money from. The US has a debt of more than $18 trillion, and it also includes the value calculated from the total exports minus the total imports. America is known to have the largest debt in the world, and its national debt isn 't actual debt, but more correctly called a "balance of trade".
One debating side, the US public, argues that our deflating economy is the reason of our

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