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In recent decades, the US Congress has made a habit of large deficit spending, whereby it passes federal budgets with expenditures far exceeding expected revenues. This causes rising national debt, which is now more than $20 trillion.

Write a short essay explaining your general view of deficit spending, while specifically addressing the 2008-2009 bailout of large banks (via the TARP program) and other business corporations in the auto industry. In your view, is rising national debt a serious problem? Why or why not? Was the TARP bank bailout worth it? How would you handle future budget deficit problems?

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