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U.S. national debt surpasses $40 trillion. How we got here and why it matters

U.S. national debt surpasses $40 trillion. How we got here and why it matters
Photo: NBC 5 Dallas-Fort Worth (KXAS) - Top Stories · view original

The national debt surpassed a record $40 trillion on Wednesday, a staggering milestone as defense costs, social programs like Social Security and Medicare and interest on the burgeoning deficit make up an enormous share of federal spending. The milestone figure was recorded just five months after...

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