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Deficit Spending and the Public Debt Student’s Name Institution Deficit Spending and the Public Debt In the United States of America, there are has been numerous events pertaining the deficit spending and public debt, which has immensely generated hot debate across the globe. However, the top latest incidents, which perhaps are still fresh in the minds of people include: The criticisms at Washington on America’s deepening debt hole. This is one of the highest occurrences that has led to the revelations of the amount of debt the USA government owes other institutions. In February this year, the conservatives and the deficit hawks revealed that the USA government has a debt of more than $20 trillion (Andrew, 2018). While this debt may seem a lot, that is not the end; recently the USA government passed a bipartisan two-year $400 billion budget measure that is meant to raise the debt by $1.5 trillion. In fact, the Organization for Economic Corporation and Development est...

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