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Republicans blame $4 trillion US debt milestone on β€˜socialism’

πŸ“° Asia Times πŸ• August 20, 2026 at 8:49 PM

CongressionalΒ RepublicansΒ have seized upon news that the US national debt reached $40 trillion to bash what they described as β€œunaffordable socialist policies” andΒ out-of-control spending. But economists and policy analysts say Republican policy decisions – from massiveΒ tax cutsΒ for the rich to disastrous wars of choice in the Middle East – are primarily responsible for the explosion of […]

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