Most economists agree that the current pace of U.S. spending is unsustainable in the longrun, but how did it get this bad?
How did the U.S. manage to spend its way out of a surplus and into massive debt inroughly a decade, putting itself 17 trillion U.S. dollars in the hole? Moreover, as nationsworldwide eye Washington’s debt nervously, how will the world’s largest economy pay itoff?…
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