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U.S. Debt: An Expensive Habit

Friday, August 20, 2010 - 12:39 PM
From the WSJ Real Time Economics:
If the US keeps borrowing money to finance large budget deficits, will the rest of the world have enough money to lend?  A new paper from two economists, one of whom works for the US Treasury, suggests the US can make it through the year 2020, but only at great expense.

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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
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