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News Link • Economy - Economics USA

US now spending 26% of available tax revenue just to pay interest

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This is unsustainable. (But don’t tell Paul Krugman this.)

It is a reflection of a country which has lost its way in many regards. For all the talk we hear of CEOs only focusing on the next quarter so they can jack up their bonuses, we don’t seem to see that this is exactly what politicians do also as they increase spending more and more over revenue coming in. The politicians want their short term bonus too – reelection....

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