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Phil Kerpen: Obama’s tax hikes will make deficits worse

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The national debt weighs heavily on the public consciousness, and for good reason.

In 2008, the federal government added $458 billion to the national debt, at that point the largest annual deficit in history. Under President Obama, the deficit has been upwards of $1 trillion — more than twice the previous record — not once, but every year for four years running.

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