NEWYou can now listen to Fox News articles! America had a headline-grabbing milestone this summer. Unfortunately, it wasn’t our America 250 celebration. Rather, it was passing the $40 trillion mark on our national debt.$40 trillion is a number that is very difficult to get your head wrapped around. It’s more than 120% of our GDP, a ratio that sounds more applicable to an emerging market in crisis than the biggest economy in the world.While the debt in and of itself is a problem, there are two related issues that are critical. One is the rapid growth in debt accumulation.
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