I have no idea what the federal deficit means to america as a whole or to me as a person. I understand that America is in debt to someone.
How does it affect America as a whole?
How does it affect us as individuals?
What happens if it continues to grow?
What happens if we pay it off?
What happens if we refuse to pay?
Or if you can't explain it, is there a link that would explain it in understandable terms?