re: #156 Obdicut

Can you explain how the debt negatively affects the economy, please?

Where do you think the gov’t has to go to get the money to cover the debt? For one place, they’ll have to raise taxes corporations. Corporations pay more in taxes, they’ll have less to give raises to existing employees or hire new ones. If I don’t have more money in my paycheck (or NO paycheck) I buy less. If I buy less the store(s) I usually buy from sell less. If they sell less they A) don’t need as many people working there and B) they buy less from their manufactureres. If they buy less from their suppliers the suppliers don’t have to make as many goods, meaning they don;t need as many workers AND they make less profit. If they make less profit ,,,,,,,,,