How Does the National Debt Impact YOU?

From Prweb.com

“The truth, of course, is that the national debt affects us all.”

Rolens points out that there are only so many ways a nation can attempt to control or offset its debt, and all the those ways diminish the individual citizen’s ability to fulfill his or her needs and goals.

“Experts can get highly technical in explaining the dangers which necessarily accompany an exploding national debt,” say Rolens, “but the basic explanation is pretty simple. Bottom line, a nation can do two things to cut debt: the first is to raise taxes, and the second is to cut services. The higher the debt, the greater the tax hikes and the more severe the service cuts. In other words, you have fewer tax dollars and you get less for each dollar that you do have ... everything, from schools and the highway system to environmental programs and national security, suffers. ”