Disadvantages of eliminating the national debt

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Currently the U.S. national debt is over $17 Trillion. Many people feel the high level of the national debt is a very bad thing and it should be paid off. a. List and explain 3 advantages and 3 disadvantages of eliminating the national debt? i. Think about what the country could do if we did not have the national debt. ii. What would we be saving if we had no debt? iii. Think about the disadvantages of paying the thing off. Where would the money come from? How would we get it? What would it cost just to get the money? What would we lose if we paid it off?

Reference no: EM13984236

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