National Debt Explained by Professor Zurc to Students
Prof. Zurc A simulated dialogue featuring Professor Zurc, a fiscal policy professor, and two female students, Isabella (a second-year finance major) and Natalie (a first-year economics major), discussing U.S. national debt. The conversation simplifies the core principles for students without losing accuracy. Scene: Professor Zurc’s Office Hours – Understanding U.S. National Debt Characters: Professor Zurc – Finance professor, specializes in fiscal policy. Isabella – Second-year finance student. Natalie – First-year economics student. Isabella: Professor Zurc, I’ve been reading about the U.S. national debt hitting nearly $37 trillion. It feels overwhelming. Why does the government borrow so much? Can’t we just spend what we collect in taxes? Prof. Zurc: It is a question with multiple ramifications, so let me address its basic elements, Isabella. Here’s the simplest way to consider it: Taxes fund government programs, including defense, hea...
