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What Happens with the National Debt

The Political Orphanage

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The Federal Budget: A Microcosm of the National Debt Reckoning

Federal trust funds are scheduled to go under one by one. The highway trust fund, how we build and maintain highways, is financed through a gasoline tax. Medicare Hospital Insurance Fund will become insolvent in 2031. In the big one, social security becomes insolvent just 10 years from now in 2033.

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