A Mortally Wounded Private Sector

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The problem of all this debt and fiscal profligacy is clear. Every dollar of debt is a promise to tax that same dollar in the future"and with interest. Estimates indicate that the publically traded debt will rise to $18.5 trillion by 2020. To compare, the total National debt outstanding today is already an unbelievable $12.3 trillion and the publically traded portion of that debt is $7.7 trillion. Having publically traded debt

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