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News Link • Government Debt & Financing

US Debt Ceiling, The Wall, Runaway Spending, & The Lack Of Evidence Of Concern... So Far

• zerohedge.com Via Snake Hole Lounge blog

The problem, of course, is runaway Fed spending which is currently at around twice that of Federal current tax receipts, requiring that the deficit be funded by issuing Federal debt (or raising taxes and/or cutting Federal spending).

The staggering increase in Federal debt starting in 2007 also resulted in a large spike in public debt to GDP.

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