Q Q) Explain how country debt and aid impact a society’s overall well-being. Describe your own observations of the widening gap between the rich and the poor.
The national debt for the first time in the history of the US has risen past 17 trillion dollars. The money that the federal government owes to different sources is the national debt and there are other national debts as loans that the US federal government owes itself for things like Social Security and other trusts. The national debt of a country affects its citizens in various ways like weak job markets, rising interest rates, higher taxes, and challenges to national security.
