Spending as a share of GDP in the last 3 years is higher than at any time since 1946.
In 3 years the debt has increased by more than $4 trillion thanks to stimulus, cash for clunkers, mortgage modification programs, 99 weeks of jobless benefits, record expansions in Medicaid, and more.
The forecast is for $8 trillion to $10 trillion more in red ink through 2021.
If that happens, the U.S. dollar will no longer be the world's reserve currency.
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