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Whether or not deficits create a burden depends on how and


1. Whether or not deficits create a burden depends on how and why the government incurred the deficits in the first place. Explain.

2. Explain why the portion of the national debt owed to foreigners is a serious matter, whereas the portion owed to U.S. citizens is of less concern. Why does the U.S. national debt pose less of a problem than the debts of Greece in 2010?

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