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Sunday, April 10, 2011
How'd we get all that debt?
The New York Times has an interesting article on the U.S government debt, which is now approaching $14.2 trillion. Of course, most of it is owed to ourselves, via Social Security and treasury securities held by Americans. It's interesting to understand the policies that led us to incur that debt.
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I find the graphic confusing. Portions describe where the money was borrowed from, others where the money was spent, and others why expected tax revenue fell short.
ReplyDeleteWhy not one for where the money was borrowed from, and a second for where the money was spent?