Most people don’t truly understand the deficit or the national debt. The terms are used somewhat interchangeably by the vast majority of Americans when, the fact is, they are two totally different animals.
Democrats want us to live in fear of the debt, but every economy must incur debt in order to experience growth whether it’s personal economy (like a mortgage), municipal economy, state or federal.
Today, the Heritage Foundation dispels five common myths about the national debt.
About the Heritage Foundation:
Founded in 1973, The Heritage Foundation is a research and educational institute
- a think tank – whose mission is to formulate and promote conservative public
policies based on the principles of free enterprise, limited government,
individual freedom, traditional American values, and a strong national defense.
(If you are unable to see the embedded video above, please click here to view it at the Heritage Foundation website)
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