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| Topic: Debate over U.S. debt limit is going down to the wire | |
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Today I asked the question, "How the hell did we (does any nation) get so deep into dept.
Here is an article about that: USA today: In just seven weeks, America could run out of borrowed money. http://www.usatoday.com/news/washington/2011-06-15-debt-limit-debate_n.htm |
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The most draconian — House Republicans' plan to slash $4.4 trillion from the deficit in the next decade, then transform Medicare into a voucher-like program — projects a $16.2 trillion debt next year. By 2021, even with all the cuts, it would be $23 trillion.
This article says both parties share the blame. http://www.usatoday.com/news/washington/2011-06-15-debt-limit-debate_n.htm |
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