U.S. debt situation worse than advertised

It has been about one month since congressional Republicans caved in on the national debt limit and approved a two-year budget, which conveniently suspended the debt limit until March 2017, just after the 2016 elections -- and the spending floodgates have already opened up. In just those few weeks, spending has surged by nearly $600 billion, raising the official national debt to more than $18.7 trillion. 

 

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