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You can see that we are near a 60 year high. Weve come somewhat off it, were near a 60 year low in revenue. That says to me weve got to work both sides of the equation. Those who say weve got a spending problem have it half right. We also have a revenue problem and both sides have to be addressed. Our gross federal debt surpassed 100 of our g. D. P. This year. It is projected to rise to 115 by 2022. The definitive work on death studied 200 years of financial history, looked at dozens of countries and concluded once you reach a gross debt of more than 90 of g. D. P. , your future economic prospects are affected in a negative way. You have reduced Economic Growth once you get to a gross debt of more than 90 of your g. D. P. As you can see, weve passed that marker. We are over 100 of g. D. P. , we are headed for 115 of g. D. P. If we fail to act. This is why many of us have called for action. It was six years ago this month that senator greg and i first came up with a commission to addres

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