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Some economists have argued that future generations will continue to carry the burden of "National debt...

Some economists have argued that future generations will continue to carry the burden of "National debt repayment." Do you agree or disagree? Explain.

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Answer - Yes , I agree with this given statement. The present incresed spending and reduced taxes increase the level of income and employment for today. But for this the government has to run the deficits. In future , to cover up this deficits , interest costs have to be raised , spending will have to be reduced and taxes would be increased in order to finance the deficit. Thus , the impact to today will have to be borne by the future generations , may be as higher unemployment and lower income levels than today

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