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Debt is 100% of GDP, the highest level since World War II


Debt is 100% of GDP, the highest level since World War II

The presidential campaign is once again turning politicians into cajoling game show hosts, promising voters huge tax cuts and spending increases with little regard for the debt crisis that will accelerate these policies. Budget deficits are expected to exceed $2 trillion this year – despite relative peace and prosperity – and then rise to $4 […]