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Within the next 3-5 years, major entitlements and net interest together will eat up all the tax revenue collected in that year. This implies that
Within the next 3-5 years, major entitlements and net interest together will eat up all the tax revenue collected in that year. This implies that all other government spending, including national defense would have to be financed by deficit spending. What does this portend for the future of this country as a dominant military and political force in the world
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