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The U.S. National Debt Just Hit The 23 Trillion Dollar Mark

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Even though the federal deficit is already over one trillion dollars and growing President Trump and Congress have no interest in cutting spending especially in an election year
Even though the federal deficit is already over one trillion dollars and growing President Trump and Congress have no interest in cutting spending especially in an election year
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The U.S. national debt reached the 23 trillion dollar mark for the first time ever.  There was no fanfare, there were no politicians giving speeches about fiscal responsibility, and there has been very little national outrage.

When the federal government borrows money that it does not have and spends it into the economy, that boosts economic activity. But at the same time it makes our long-term financial problems even worse.

Read the rest of the story HERE:

At theeconomiccollapseblog.com

 

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Lance Ciepiela is a retired senior who had an interesting career in government service - a United States Marine Corps (USMC) Vietnam-Era veteran, who became interested in restoring the Constitution after I realized that W Bush had attacked (more...)
 

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Lance Ciepiela

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The U.S. economy is definitely slowing down but this week we learned that it still grew at an annual rate of 1.9 percent last quarter. 1.9 percent is not good at all and if honest numbers were being used it would show that our economy is actually contracting.

Submitted on Sunday, Nov 17, 2019 at 1:25:06 AM

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