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"At about 100% of GDP and growing rapidly, the U.S. national debt drags down economic growth and threatens Americans with reduced opportunity and the consequences of a severe fiscal crisis," they say.
The resulting positive wealth effect is undoubtedly boosting consumer spending, especially of retiring baby boomers, who are enjoying the windfalls in the value of their stock portfolios and homes.
DONALD Trump has begun his first official day as the 47th President of the United States. He appeared at The Washington ...