What Is Sequestration – Definition & How It Cuts the National Debt is a post from the Money Crashers personal finance blog.
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Wednesday, March 13, 2013
What Is Sequestration – Definition & How It Cuts the National Debt
While our country’s ability to borrow money is a valuable asset, particularly in times of need such as wars or economic recessions, continuously maintaining high levels of the debt in comparison to our gross domestic product is detrimental, even devastating to citizens. Government debt is simply an IOU to be repaid by future taxes upon [...]
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