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Falling Off a Fiscal Cliff in 2026
For several decades, the United States has been incurring unsustainable levels of debt, which has now reached $38 trillion. U.S. debt is projected to continue to grow at an unsustainable rate, exceeding our national income by midcentury. The rate of growth in U.S. government debt will soon exceed the economy’s growth rate, the ultimate test of debt sustainability.
May 29
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