Are We Really Drowning In Red Ink? A Closer Look At Our Non-Exceptional Debt And Deficit Crisis | Talking Points Memo

For the next several weeks, and likely through election season, Washington will continue to be gripped by the debate about how to reduce federal deficits and the national debt. It’s a common focus of legislative preening, particularly after economic downturns, and even more particularly when Democrats control the White House.

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