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…showed last 75 words of 604 total…In summary, the national debt is a function of a government spending more than it takes in taxes. In order to not penalize future generations, this situation cannot continue. Prior to the 1960s, Americans followed a debt-free practice, except in times of major war threats. The United States now faces a national debt totaling more than $5 trillion dollars. Instead of boasting about deficit surpluses, the government should aim to reduce the national debt whenever possible.