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When is the national debt too large to ignore?
Gary L. Roberts
Aug. 5, 2018 1:00 am
Next year's federal government budget deficit is projected to be $1 trillion. The national debt is now greater than the U.S. economy measured by the Gross Domestic Product. Just paying the interest on that debt is expected to cost more than $300 billion this year.
And now President Donald Trump wants $12 billion more to calm his tariff mess, to help farmers.
When will the 'debt can” become too big to kick down the road? I don't think the people or the politicians are smart enough to know.
Gary L. Roberts
Center Point
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