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Obama's Address to the Nation on the Debt Ceiling

By President Barack Obama - July 25, 2011

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Good evening. Tonight, I want to talk about the debate we've been having in Washington over the national debt - a debate that directly affects the lives of all Americans. For the last decade, we have spent more money than we take in. In the year 2000, the government had a budget surplus. But instead of using it to pay off our debt, the money was spent on trillions of dollars in new tax cuts,...

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President Barack Obama

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