Instead of analyzing the many views regarding the national debt

Instead of analyzing the many views regarding the national debt

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Instead of analyzing the many views regarding the national debt, we will focus on the  truths about the national debt and let the relative merits of the positions fall into place.  The most important effects of a national debt are on the supply side of the economy.  That is, because a large national debt increases the interest rate, investment falls as the  national debt increases. That is, a large national debt today will result in less capital,  especially physical, being passed on to future generations. In this way, future  generations are burdened by a lower capacity for productivity as a result of decreased  investment created by the national debt.  The problems created by the national debt can be attacked from another angle. If the  government runs a budget deficit, then it spends more than it receives. In order to fund  this spending, the government must take out loans. This is usually done by selling 
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Instead of analyzing the many views regarding the national debt

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