MOUNTAIN OF DEBT: Rising debt may be next crisis
WASHINGTON — The Founding Fathers left one legacy not celebrated on Independence Day but which affects us all. It's the national debt. The country first got into debt to help pay for the Revolutionary War. Growing ever since, the debt stands today at a... read the full story
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Congress [...] Reserve Chairman Ben Bernanke recently told Congress . Higher taxes, or reduced federal benefits [...] efforts by President Barack Obama and Congress to cope with the worst recession in decades as [...]
United States [...] is finding it harder to find new lenders. The United States went into the red the first time in 1790 when it [...] 80 percent of the annual output of the entire U.S. economy, as measured by the gross domestic [...]
Afghanistan [...] The debt soared with the wars in Iraq and Afghanistan and economic stimulus spending under President [...]
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