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February 14, 2019
WASHINGTON — The government surpassed a dubious milestone this week: Its debt topped $22 trillion — that's trillion, with a “t'' — for the first time.
Piles of federal debt have been growing ever higher for years, fueled by accumulating annual deficits, which themselves have been driven by tax cuts, government spending increases and the mounting costs of Medicare and Social Security and interest on the debt itself.
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