Question
Give two facts to support this each 1 sentance So, basically, the U.S. debt is a big deal because it means the government has to pay more interest, which takes away money from really important stuff like schools, roads, and hospitals. When the debt keeps going up, it also makes investors super worried, which can lead to the government having to pay more to borrow money, especially when things get tough economically. Plus, if the debt stays high for too long, it can make people unsure about the economy's future, and that’s not good for anyone.
Answers
GPT-4o mini
1. The U.S. government spent over $400 billion in interest payments on its debt in 2022, diverting funds from essential services like education and infrastructure.
2. High national debt levels can lead to increased borrowing costs, as seen in 2022 when yields on U.S. Treasury bonds rose due to investor concerns about fiscal sustainability.
2. High national debt levels can lead to increased borrowing costs, as seen in 2022 when yields on U.S. Treasury bonds rose due to investor concerns about fiscal sustainability.