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Yes we do have enough debt, in fact way too much. By federal law the national debt cannot exceed a specific amount. For years, rather than reducing the deficit the lawmakers have increased the debt ceiling. We are at the point where the percent of our economy needed to service the debt our government has is an unbearable burden. So here we are, sooner or later the deficit must be reduced either by increasing federal revenues (taxes) or by reducing federal spending. Neither is popular.
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