America’s Debt Crisis: We’re Running Out of Cans to Kick
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America’s federal tax base currently generates over $5 trillion annual. The nation has an attended annual budget expenditure that exceeds $7 trillion. In order to meet the expenditure, the federal government borrows over $2 trillion annually. In the period from the founding of the republic in 1776 up to the year 2017 (241 years), the accumulated national debt reached $20 trillion. In just nine years, from 2017 to 2026, the national debt has doubled to $40 trillion. In other words, the accumulati
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