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America’s Runaway Debt Scenario: $1 Trillion in Interest per Year
from The Epoch Times: The U.S. federal government has borrowed so much money that‚ over the past year‚ it has had to spend one-fifth of all the money it collected just on debt interest—which came to almost $880 billion. Americans paid some $450 billion less in income taxes for the year‚ trapping the government in […]