Question

how the debt clock warning affects you?

Answer 1

Recently, the USA debt clock surpasses $22 trillion. this is certainly a big amount. Now the question is how the debt clock warning affects?

if there is more debt on the nation. there will be more recession in the future. which increases unemployment.

It would also impact on the economy at large in the future.

it will increase inflation and things will be more expensive to a person like me.

It will increase the taxes on simple daily needs. Because the Government has to decrease the debt.

there will be an impact on the daily lifestyle of a normal person like me. as it also would decrease the GDP rate.

Above written impacts can be there for debt clock warning. so surely the Government should take measure to reduce its debt as early as possible.