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Political Factoid
The national debt limit will
reach $16.4 trillion in 2012.
The national debt has risen
significantly over the past
driven primarily by:
- Two very expensive Bush wars*
- Very expensive Bush tax cuts**
- Efforts to reduce impact of
Bush-era financial collapse
with led to the largest recession
since the Great Depression
... and the common denominator is ...?
| * |
One of the wars continues in 2012.
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| ** |
The tax cuts have been continued
because of the problem with the
economy (after most manufacturing
jobs had been moved overseas or
otherwise eliminated.)
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