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Congressman Mitch McConnell recently pointed out that the United States Congress is spending money at a rate of $1 billion per hour -- all of it financed with increased debt.In this interview with Jan Helfeld, California Congressman Pete Stark argues that the more national debt we have, the wealthier we are as a country because "debt for a nation is different from debt for an individual or company." That was back when the national debt was $5 trillion. Today the national debt is $10,962,887,347,011 -- as I write this.
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