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Is debt that is excessive for the Economy? Regrettably, few economists appear in a position to explain coherently why a hefty debt obligations may be damaging to the economy.

Is debt that is excessive for the Economy? Regrettably, few economists appear in a position to explain coherently why a hefty debt obligations may be damaging to the economy.

Regrettably, few economists appear in a position to explain coherently why a hefty debt burden is bad for the economy.

This declaration might appear astonishing, but ask any economist just why an economy would experience having debt that is too much and then he or she typically responds that excessively debt is an issue given that it could potentially cause a financial obligation crisis or undermine self- confidence throughout the economy. (not just that, but exactly just how debt that is much considered excessively is apparently a straight harder questions to respond to.) 2