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national debt's burden to future generations

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Will the national debt be a burden to future generations? Please support your answer.

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The solution discusses national debt's burden to future generations.

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Governments don't have pay back debts the way individuals do. The Treasury Department can in fact issue new bonds to pay off the old ones. This is not a problem as long as investors are willing to hold U.S. Treasury bonds. These bonds are actually very popular due to their liquidity, low risk, and certain tax advantages. Compared to other nations, debt-to-GDP ratio for the U.S. is relatively modest.

Real problems with the debt do exist, however. The interest payments are a ...

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