This year, the national debt topped $15 trillion, with another$1.3 trillion in federal deficit spending projected for next year.On the campaign trail, Republican candidates have spoken of thedebt as a giant bogeyman threatening to crush the American economyand Americans' way of life.
The national debt has risen to the same level as the grossdomestic product for the first time since World War II, when debtgrew to 120 percent of the GDP.
Candidates offer a mix of spending cuts, constitutionalamendments and institutional cuts to help make up the deficit. Noneof the candidates favors more stimulus spending to spark growth inthe economy.
Their differences are often subtle in seeking to rein ingovernment spending and erase the deficit.
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