Posts Tagged ‘Economic Crisis’

Putting the U.S. government’s mounting debt into perspective (how big is it, really?)

Posted on February 23rd, 2009, by admin

We all know that the U.S. economy is in trouble. But are you aware of the full extent of the current economic crisis? Basically, in recent months the government has loaned, invested or promised $7.8 trillion not only to failing American institutions but to struggling banks outside U.S. borders.
$7.8 trillion is an obscure number for [...]

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Fiscal cancer is slowly eating away at America’s economy

Posted on February 3rd, 2009, by admin

David Walker, the comptroller general of the United States, is worried about our economic future. In fact, he believes that America is suffering from a fiscal cancer that could result in tragedy if left untreated. Ultimately, he says, the United States will barely be able to pay the interest on its mounting debt, making barely [...]

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