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One of the consequences that can happen when a nation has a large federal debt is that the federal government may be unable to fully find all its programs.
This refers to the total amount owed by a government to security holders and this is a result of budget deficits.
Hence, we can see that when this federal debt becomes large, the economy would suffer as a result of the fact that the government cannot back many things and this would result in the government being unable to fully find all its programs.
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