national debt in political discussions economics homework help

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Watch the short film linked to below:

After watching the film, respond to the prompt below:

In your estimation, is the national debt overemphasized or underemphasized in political discussions? . . . What is it about deficits and debt that make the US government different from a household? . . . Finally, what do you believe are the prospects (short-run and long-run) prospects for reducing budget deficits to the point at which they become surpluses (in effect, reducing the national debt)? . . .

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