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Something very screwy about this, and it gets worse in FY2018, total Govt spending $7 trillion, est Debt 170% of GDP. Little inset photo is me writing to Milton Friedman in 1987. He replied (letters with stamps, remember them?) said don't worry, everything's fine. Debatable in 1987, not any more. Chart data BEA and OMB, 1950-2015, nominal dollars, not adjusted for inflation. If rates go up, we're bankrupt.