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Future of America doomed by explosive growth in debt

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Future of America doomed by explosive growth in debt Was American prosperity over the past 32 years an illusion/delusion? Reagan tripled a debt which started out at $930 billion; it paused under Clinton, doubled under George W. Bush, and ballooned under Obama to $17 trillion. That is a “gift” from Uncle Sam of $7,000 per year for the average family of four. Pensions, retirement packages and health care were promised but underfunded; neither the recent ...

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