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Home Economics US Govt Debt Is Massive And Shows No Sign Of Reversing

US Govt Debt Is Massive And Shows No Sign Of Reversing

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  • In September 2017, US Government debt passed US$20 trillion
  • Iraq and Afghanistan wars each cost about US$1 trillion
  • Annual 2009-13 average US$1 trillion deficit spending added nearly US$5 trillion, mainly from government stimulus and bank bailouts
  • Interest is US$449 billions/year, debt is US$62,200/person

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