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The national debt — without spin
Some politicians talk about the need for a balanced budget amendment to the Constitution because of our ever-growing national debt, now at over $17 trillion. Raising the debt ceiling has become a grueling political fight in recent years. But what is the real story behind the rhetoric. There are basically two major categories of spending in the budget — mandatory and discretionary. Mandatory budget items are those that are required by law. These items include Social Security, Medicare, Medicaid, the food stamp program...Read More
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