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Is the federal government now trapped in a debt spiral?

MAY 11, 2018 | by George Will | THE IRON MOUNTAIN DAILY NEWS (MICHIGAN)

“From Scotland, where Adam Smith pioneered systematic thinking about economics, comes an adjective, 'carnaptious,' that fits people who are allergic to economic euphoria. It means cantankerous. … All this means trouble, unless Mr. Art of the Deal can negotiate with arithmetic, persuading it to amend its rules so that trillion-dollar deficits will not mean trillion-dollar increases in the debt.”

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