ECO 372 Week 4 DQ 1

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What are the potential consequences of a country having a large overall debt? If you were in the position to implement a solution for the country’s long-term debt, what would it be and why?

Response
Debt can be a good thing as it helps to improve welfare, but it also can cause many problems with our economy as well. If we have too much debt it has an effect of the government not being able to help all the people of that country. If a government has too much debt it may cause them to go bankrupt. We have seen many countries that have so much debt they look for other countries to help them.
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