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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.

Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,600