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Rising federal debt drives up loan rates, which may force buyers to pay significantly more over time.
Rep. Thomas Massie was one of only two House Republicans to oppose the party’s tax bill, warning it was a “debt bomb ticking.” As he put it, Congress may use “fantasy math,” but bond investors won’t. According to analysis highlighted by CNBC, the bill could add between $3.1 trillion and $3.8 trillion to the national debt over the next decade, based on estimates from the Committee for a…
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