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How America ran up its debt, and who should be blamed | Charles Blahous

How America ran up its debt,  and who should be blamed | Charles Blahous
Photo: Waco Tribune-Herald · view original

The federal government is drowning itself in red ink, caused by its spending far more than the revenues it collects. Economists agree that the debt explosion raises Americans’ borrowing costs, inhibits economic growth and makes us all poorer.

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