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The $20 trillion national debt is one of the four major abuses of the federal government that the Convention of States Project has identified.
Everyone who manages household finances knows that a large, uncontrolled debt can cripple a family’s finances. But some Americans still wonder: why is the national debt so bad?
It’s difficult to comprehend $20 trillion. To most people, it’s just a number. But the ballooning national debt will have a significant negative impact, one that could lead to a total financial meltdown.
As Paolo Mauro explains at the US News and World Report:
Living with high…
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