By 2012 the federal government spent close to $1 trillion ($1,000,000,000,000 - that's really a lot) more than its income (a $1 trillion deficit). Its total debt has increased upwards of $18 trillion.

1. What positive effects do you think this borrowed money could have on the US's economy (be very specific)?
2. What negative effects do you think this borrowed money could have on the US's economy (be very specific)?
3. Will all of this debt have an effect on you as a student? as a 55 year old worker?