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Summary | 5 Annotations
The U.S. is approaching $20 trillion in national debt
2017/04/18 10:49
, it’s that both parties share responsibility for boosting the debt. Fighting wars, big tax cuts and economic stimulus packages have all added to the burden over the years.
2017/04/18 10:50
The U.S. spent heavily on the wars in Afghanistan
2017/04/18 10:51
According to consultant Kathy Ruffing, the two wars account for about $2 trillion of the debt, including interest.
2017/04/18 10:51
debt held by the public would rise to 150% of the total economy in 2047 from the 77% it’s at now
2017/04/18 10:52