Stahl: Federal Spending Gone Wild

In a few days President Obama is going to ask Congress to increase the national debt by $1.2 trillion, bringing it to over $16 trillion.  For the first time in our history our debt will be higher than our gross national product.  That means we are a debtor nation.  Sadly, people from both sides of the aisle will support this, on the basis of not creating a national “crisis”.

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