Higher national debt leads to increased borrowing costs, diverting funds from essential services like education and infrastructure, and impacting government's crisis response capabilities.
The nation's budget management falls primarily on Congress and the President, highlighting the necessity for public awareness regarding presidential actions on fiscal policies.
Only two presidents on the recent list succeeded in reducing national debt, underscoring the challenges the government faces in managing taxpayer money effectively.
Frivolous spending by federal agencies and lack of budget tracking are major contributors to national debt, illustrating the significant responsibility of government officials.
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