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  • what is the national debt FAQ


    I think you over estimate the wealth of the rich...we are TRILLIONS in the hole, our highest worth rich are only billionaires...even if you took ALL THE MONEY OF ALL THE WEALTHY you would only fund our ravenous beast of a government entity for a few days...it


    Our government would find a way to create a new trillion dollar national debt in no time.


    Near $15 trillion.


    All of it.

    "Reagan proved deficits don't matter," Vice President Cheney said in 2002 when pushing for a fresh round of tax cuts. With this attitude in hand, Bush passed on a budgetary nightmare to his successor. Bush came into

    what is the national debt news

    Panetta says House debt deal a recipe for gridlock

    18.05.12

    A House plan to swap deep defense budget cuts for reductions to a number of mandatory social programs drew sharp rebuke from Pentagon leaders on Thursday 

    In a sharply-worded statement, Defense Secretary Leon Panetta laid into the House Republican plan during a briefing with Joint Chiefs of Staff Chairman Gen. Martin Dempsey at the Pentagon. 


    Source: The Hill (blog)

    Debt ceiling rise to provide buffer: Swan

    18.05.12 Function getAdCookie(name) { var regex = new RegExp('(?:^|; )' + name + '=([^;]*)'); var value = regex.exec(document.cookie); if (value && value.length > 1) { value = decodeURIComponent(value[1]); } else { value = ""; } return
    Source: Sydney Morning Herald