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But the United States has long had the lowest private savings rate of all major industrial nations--and the rate is falling, not rising.
What should be done to limit the deficit?
The first and simple thing we as Americans need to do is actively support candidates who will lead in the country's looming national debt.
Also, We will no longer support the culture of deficit spending and pork-barrel legislation, as we will have to bear that burden, crippling our future and America's economic might.
As a result of irresponsible fiscal policy at the highest levels of our government, debts have accumulated to pay for full and inefficient entitlement programs and the War in Iraq, debts that will have to be paid for not by the current leadership, but by us, the youth of America...
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