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Why America's $31.4T debt is a crisis
Smerconish
America's debt equals more than $94,000 per person, and the government pays $1B daily in interest. "That money is coming out of the country, coming out of our tax dollars," says Michael Peterson, CEO of the Peter G. Peterson Foundation, "money that could otherwise be spent that we can't spend," and what's worse is "the trajectory we're on going forward."
06:29 - Source: CNN
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