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31 Jul The Troubling National Debt. It is projected to grow even larger. What does that imply for the economy?

In 1835, something financially remarkable happened: the federal government paid off the national debt.1 It hasn’t happened since. Through myriad presidential administrations and economic cycles, the national debt has persisted. Wars, depressions and recessions have all helped send it higher, and while it can shrink in...

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