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There's more to the story on the national debt

Summary by Jamestown Sun
Cal Thomas’s opinion column in the May 6 Sun repeats his previously expressed concern about the national debt. He blames the problem on Congress and what he considers to be excess spending. His concern is legitimate, but here is the rest of the story. When Ronald Reagan was elected president in 1980, the federal debt was just under $1 trillion. One of Reagan’s first actions was income tax cuts, which of course benefit the most wealthy. After two…

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Jamestown Sun broke the news on Saturday, May 9, 2026.
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