In: Economics
Our federal and state governments' debt has significantly increased over the last decade and unfortunately, it is projected to grow even larger. Sooner or later, this debt will be paid by taxpayers and so long as we have this debt, we will continue to pay hundreds of billions of dollars of interest on it. Are you concerned that this debt will eventually erode economic growth and we will have lower living standards? How do you think that our elected officials should address this issue? explain in 200 words. in your own words.