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Your Share of the National Debt. Why Does Debt Matter? At first it will seem like nothing is happening, but the reality is that the debt will begin to snowball and become a larger and larger portion of our economy. More of your tax money will go to pay interest on the debt, and less will go to fund things that the government should be funding. Politicians who attempt to tax their way out of debt will find there is not enough tax money in the world to cover their promises.

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