impacted. >> kelly: affect how state and local governments run their budgets that will impact people livinging in states in terms of services. -- how might that affect adversely affect the american people? >> that's right. for the federal government for them to actually issue more debt, it is going to be more expensive for them. there will be higher interest rates. that means less money that can trickle down to the state and to the local level. the federal government could either raise taxes on all americans to right to continue with the entire obligation platform they already have or say we are going to cut back. they are probably going to do the cutting back part. which means state and local governments won't have enough for snow removal, maybe trash removal provided by the local municipality, as well as social services. we'll start hearing more of these cuts in the next couple of months. like i said everybody is going to be impacted.
Related Keywords
People , Uprising It Kelly , Governments , Terms , States , Budgets , Estate , Services , Affect , Debt , Government , Level , Money , Interest Rates , Taxes , Gidding America , Part , Platform , Obligation , Back , Everybody , Cuts , Social Services , Removal , Snow Removal , Municipality ,
comparemela.com © 2020. All Rights Reserved.