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Will Obama Bigfoot Congress On Debt Ceiling? – Your share in federal debt ceiling
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US Debt: The American economy in crisis (Guardian Shorts) When Ronald Reagan took office in 1980, the US national debt stood at around $2tn. By 2011, it stood at a staggering $15tn and has become one of the most significant problems in American politics. It has revealed the deep ideological splits that run right across the US political landscape and now threaten the health of the entire US economy. Reported over the decades by the Guardian’s finest journ… |
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What the Hell Is Going on with the Debt Ceiling In the summer of 2011, the amount of money borrowed by the United States hit $14.3 trillion, and news commentators began hyperventilating about something they called the “debt ceiling.” Most Americans recognize that this huge number is important, but they are not sure how the hell the country got to this point or why the hell they should care. This essay cuts through the jargon, clichés, and po… |
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The US Debt Crisis This article is a detailed examination of the US debt crisis at the personal, city, state and national level.It shows how out of control debt is at all three levels of US government, and poses the question at what point does the ever increasing level of debt pose a threat to the United State’s ability to be the leading economic and military power in the world?When is the tipping point?And what wil… |