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National Debt And Its Impact On The Economy. This four-page sophomore level paper studies the impact of national debt on the economic conditions of the country. It has been found that United States' national debt is increasing everyday, which is one of the main causes of the current recession in the economy. While borrowing is important to a certain extent, it is when the government fails to repay the amount that debt turns into a major problem and impedes further growth of the economy. 4 pgs, bibliography lists 3 sources.
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