U.S. National Debt [INFOGRAPHIC]

U.S. National Debt [INFOGRAPHIC]

This infographic created by the current administration provides data to show the current U.S National debt and where the U.S spent their money which created that debt.

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  1. Obama Admin made the graph. I just thought it would be interesting to post. Not everything I post I  endorse. However, to answer your question, Austrian economists (who I do not necessarily agree with) would argue that tax cuts stimulate growth and therefore provide more tax revenue, thereby reducing the deficit.

  2. How is a tax cut an addition to the debt?  Tax cuts are the source of revenue to pay down the debt.  If we had $0 in tax revenue that doesn’t impact the debt, only how we pay it back.

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