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Why is the US national debt necessarily a bad thing?

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It's not even necessarily bad if the debt exceeds GDP, as was the case during WWII. It does become a problem when it's large and there's no way to grow your way out of it, however, and, unfortunately, our economy has reached a point where that's the case. read more

Rand Paul said something funny the other day. No, really — although of course it wasn’t intentional. On his Twitter account he decried the irresponsibility of American fiscal policy, declaring, “The last time the United States was debt free was 1835.” read more

More than that, super-low interest rates are effectively a demand from the financial markets for more U.S. debt. Which is a signal the government needs to use its powers to step in and do something about the economy. read more

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