How does the rising debt figures affect
a. the govt?
b. the economy?
c. us?
Plz plz sum1 answer this ques!!
2006-11-15 05:06:25 · 4 answers · asked by Miss Q 3 in Social Science ➔ Economics
In the short-run, rising debt means higher inflation and higher interest rates. In the long-run, it may also mean higher taxes.
2006-11-15 05:35:24 · answer #1 · answered by NC 7 · 0⤊ 0⤋
Why did not you adult males care even as Reagan outspent all 39 Presidents that served earlier him? keep in concepts it replaced into Reagan who made deficit spending universal, and why did spending balloon with Bush and a GOP managed congress? to respond to your question, as a results of the indisputable fact that's asserted in a unmarried of the different comments, recessions have outcomes, this replaced into the worst because the great melancholy. It took about 30 years of Reaganomics to get us into this mess and it is going to take lots of time to recuperate.
2016-11-24 21:03:18 · answer #2 · answered by kennie 4 · 0⤊ 0⤋
It adds to inflation and pushes up interest rates
2006-11-15 05:15:29 · answer #3 · answered by Anonymous · 1⤊ 0⤋
It leaves us ALL skint ....
2006-11-15 06:19:18 · answer #4 · answered by landgirl60 4 · 0⤊ 0⤋