There is nothing intrinsically problematic in the National debt - it is government spending which has not been taxed out of circulation I.e. it is the money in our pockets, bank account and savings. It has existed for over 300 years and somehow we have survived. What is relevant is does the spending improve the sustainability of the economy and its ability to maintain the well-being of citizens. Cutting public services impoverishes us all including businesses who need functioning infrastructure and thriving people to work and spend.
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