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That only puts borrowing at a little more than 200% of what the Treasury takes in per year. Countries in far worse shape have borrowed much more and recovered just fine (Japan immediately comes to mind).
Most Americans carry debt far in excess of 200% annual income once you factor in mortgages.
The important thing is that paygo is once again in effect, which means lawmakers must be more confident that we're finally winding down from the great recession.
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