As a side note, the Cato report relied on data from Truth In Accounting (https://www.truthinaccounting.org/), a respected financial think tank whose mission statement is “to educate and empower citizens with understandable, reliable, and transparent government financial information.” For citizens brave enough to check out this website, be forewarned. It presents the most troubling forecast imaginable. For example, its running total of the national debt increases more than $10 million every second. If that doesn’t scare you, it will assuredly scare your children and grandchildren.
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