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4min chapter
Cakes and Ale
What Really Matters with Walter Russell Mead
The US National Debt Is Projected to Reach Historic Levels
The CBO projects that by 2053, the annual deficit will hit levels not seen since World War II. The debt has been the ruin of the nation since the early colonial era and continues to trouble us today. But on the other hand, you can look around the world and see a lot of countries where the debt did go way out of control and the results actually were national ruin.
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