When a nation’s debt gets too high, it pushes the economy into decline. Inflation soars, jobs become scarcer and mortgage rates to buy a home are unaffordable.
The cliffs at Sheringham, Norfolk, United Kingdom. Via Wikimedia Commons
Betsy McCaughey is a former lieutenant governor of New York and author of "The Next Pandemic," available at Amazon.com. Follow her on Twitter @Betsy_McCaughey.
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