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Our National Bankruptcy: Moral, Economic, and Political

Congress is gridlocked with the spigot of federal spending seemingly locked permanently into the wide-open position. What can be done?
Our National Bankruptcy: Moral, Economic, and Political
The National Debt Clock in Washington on Nov. 13, 2023. Madalina Vasiliu/The Epoch Times
Mark Hendrickson
Mark Hendrickson
contributor
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Commentary

Recently, I got a call from a friend who works in Congress. He was distressed by the absurd condition of the federal finances. How could the wealthiest country in the world be almost $34 trillion in debt while charging ahead into ever-deeper debt? It seems like a horror movie come to life.

Mark Hendrickson
Mark Hendrickson
contributor
Mark Hendrickson is an economist who retired from the faculty of Grove City College in Pennsylvania, where he remains fellow for economic and social policy at the Institute for Faith and Freedom. He is the author of several books on topics as varied as American economic history, anonymous characters in the Bible, the wealth inequality issue, and climate change, among others.
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