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Describe what has happened to the US naonal debt since 1992 - why has it increased so rapidly since then? Is running a large naonal

Describe what has happened to the US naonal debt since 1992 - why has it increased so rapidly since then? Is running a large naonal debt sustainable for the US in the long run or will future administraons be forced to tackle this? Make reference to the public debt of other countries especially Japan - why is their debt to GDP rao so high?

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