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Fix the Debt
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Rising national debt is unsustainable. We need government spending and tax reform. Sign up to Fix the Debt: http://www.fixthedebt.org.
Rising national debt is unsustainable. We need government spending and tax reform. Sign up to Fix the Debt: http://www.fixthedebt.org.

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National debt can rise quickly in the case of a crisis. Instead of bringing the debt down from crisis levels as we have done in the past, we are increasing it even more. That leaves us vulnerable for the next crisis.
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The longer we wait to confront our national debt problems, the larger the required benefit cuts or tax increases will need to be for each individual. If policymakers wait 10 years before addressing the debt, spending cuts or tax increases would need to be roughly 50 percent larger to reduce debt back to the historical average. See more myths and facts http://www.fixthedebt.org/us-debt-myths
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Extending tax cuts will add considerably to the national debt, especially in the long run. Tell Congress to stop adding to the debt http://www.fixthedebt.org/tell-congress-to-stop-adding-to-national-debt
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The difference between national debt on its current path and reducing the debt to its historical level will be about $6,000 in annual income per person in 30 years. Over 30 years of working starting today, that's about $60,000 in income. See more on how rising debt affects you http://www.fixthedebt.org/national-debt-and-you
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Congress is struggling to pass annual government spending bills before the end-of-month deadline. But all the hassle is over a small part of the federal budget. Most spending is essentially on autopilot.
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With the exception of a brief period during and immediately after World War II, debt levels have never been as high as they are now. Without congressional action, debt levels will continue increasing. See everything you need to know about national debt http://www.fixthedebt.org/everything-to-know-about-national-debt
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Think national debt is not a concern? The era of trillion-dollar deficits is coming. Deficits and the debt are now on an upward trajectory, with debt on track to grow by more than $13 trillion over the next ten years. Permanent trillion-dollar deficits will return by 2020 and debt will near the size of the entire U.S. economy by 2028. An ever-rising debt path will inhibit long-term economic growth, increase the cost of living, leave the government unprepared for national emergencies, and increase the risk of a fiscal crisis.

We bust more myths at http://www.fixthedebt.org/us-debt-myths
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Higher national debt will affect American families. In 30 years, interest rates would be about 3/4 of a point higher because of debt. Put another way, a family with a $300,000 mortgage can expect to pay at least $45,000 more over the course of the mortgage. See more on how rising debt could affect you http://www.fixthedebt.org/national-debt-and-you
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Currently, the national debt held by the public is about $15.5 trillion, which is around 77% of the country’s economy. The gross debt, which includes money owed to other parts of the federal government, is almost $21.5 trillion, or roughly 105% of the economy.

Learn everything you need to know about the national debt http://www.fixthedebt.org/everything-to-know-about-national-debt
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Congress must pass government spending bills to fund federal operations by the end of the month to avoid a government shutdown. It doesn't have a good track record of passing the 12 individual appropriations bills on time without bundling them together or relying on stopgap measures. See how the process is supposed to work http://www.fixthedebt.org/how-the-annual-government-spending-process-is-supposed-to-work
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