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Unidentified speaker warns U.S. debt path is unsustainable, urges changes to both spending and taxes
Summary
An unidentified speaker warned that rising national debt is unsustainable, said a future financial catastrophe is possible unless both spending and taxes are addressed, and claimed that eliminating non‑military discretionary spending would still leave a deficit.
Unidentified Speaker, Speaker, warned that continued large federal deficits and rising national debt "will not go on forever," saying the country faces a possible future financial catastrophe if the trend is not addressed.
The speaker opened with a paraphrase of "another famous economist," saying "things that can't go on forever, won't," and added that "continuing to spend…
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