Have you ever thought what would happen if our government is not able to clear its debt? Have you thought how would it affect you?
If our government cannot clear its debt, it would cause a major drop down in the world economy. With higher unemployment rates, an increase in tax and interest on the loans, it would become very difficult to survive. The stock market and trade business would come crashing down all at once. But, this might lead to more people investing in the productivity of the country instead of investing in less useful wants of people.
Watch the video to know in detail about what would happen if our government is not able to clear its debt.