US National Debt, Part 2: Accumulation

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BAKU – America’s national debt is the largest binding obligation of the federal government. At an outstanding sum of 21,4 trillion USD, it’s also the largest sovereign debt in the world and greater than what the country produces in a whole year. No single event facilitated this amount, and even though debt has been a part of American history since its foundation, nearly the entire net sum was only accumulated in the last three decades.

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