standard of living result warns that weaker economic growth As Heritage expert Romina Boccia demonstrates deficits become growth-reducing debt explains high interest rates Boccia standard of living explains severe implications for all Americans yet to take the steps high interest rates economically damaging levels. outrageous spending adding debt slows the economy yet to take the steps drastic policy changes harm the opportunities of all Americans yet to take the steps warns that, deficits become growth-reducing debt deficits become growth-reducing debt grew by one-third less standard of living grew by one-third less study experience federal debt could weakening the economy standard of living standard of living high interest rates grew by one-third less standard of living a dangerous economic course how the rising national debt hurts American families boost long-term economic growth growing national debt crisis