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America’s budget, the bond market and the national debt at 250: Gradually, then suddenly

America’s debt is rising by the trillion. Congress is still refusing to face the bill.
Here’s what they’re climbing against. The gross national debt crossed $40 trillion in August — after hitting $38 trillion in October and $39 trillion in March. A trillion dollars every five months. The deficit hit $2 trillion with a month still left ... [4774 chars]
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