Ezra Klein has a good summary of the latest CBO budget projections , which show that the national debt really isn't going to be a problem at any point in the foreseeable future.
http://blogs.reuters.com/felix-salmon/2013/05/15/have-we-solved-our-fiscal-problems/
http://blogs.reuters.com/felix-salmon/2013/05/15/have-we-solved-our-fiscal-problems/
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