Serious Question: Is the U.S. Spending Too Much?
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Unless you have been hiding under a rock on the International Space Station, you know the U.S. reached a dangerous crossroads in recent days after hitting its debt ceiling of $31.4 trillion.
That's approximately $6 trillion more than the nation's annual gross domestic product (GDP), the total monetary value of all goods and services generated within America's borders last year. In other words, the nation with the world's largest GDP is spending far more than that annually (see chart, below).
Source Fool.com
