The U.S. national debt has topped $40 trillion. What should Washington do about it?
The U.S. national debt has surpassed $40 trillion, putting pressure on lawmakers to make long-deferred choices about federal spending and taxes.
Discussion (2)
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When the debt is growing faster than GDP, that's a real problem. We at least need to get closer to a balanced budget, and that will take change in both spending and taxes.
do both" sounds tidy until you say which spending gets cut and whose taxes go up. if you picked it, name one program you'd shrink and one group you'd bill.