However these effects have limited implications in the real life, their magnitude will increase exponentially during the next years, provided, of course, that the same trend is preserved in the detriment of reducing the debt. In such case, the now young generation will be faced with the disastrous outcomes of an uncontrolled federal debt.

Besides the negative impacts a large debt would have upon the economic and political backgrounds, the future generations ought to be concerned about the means of repaying the country's debts. As such, the next generations have two reasons for concern: facing the economic and political instability and ensuring sufficient profits to pay off the federal debt.

3) Debate on the federal debt

The debt debate revolves around the arguments in favor and against such an increased level of the government debt. The opinions vary based on the speakers' education, personal beliefs, priorities and interests.

For instance,...
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