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News Link • Economy - Economics USA

National debt soars to highest level since WWII

• USA Today
The federal debt will represent 62% of the nation's economy by the end of this year, the highest percentage since just after World War II, according to a long-term budget outlook released today by the non-partisan Congressional Budget Office.

1 Comments in Response to

Comment by Ross Wolf
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Obama has no understanding of economics, common with Socialists. Obama’s only solution to the U.S./Global economic crisis is to print more money. Obama’s government cutting back spending, while raising Americans’ taxes will prove fruitless, if the buying power of the earnings Americans do get to keep are ravished by inflation because Obama won’t stop printing money. Are we doomed? If Obama is impeached, who is next in line to be president? Scary? And if that person is impeached, imagine Nancy P as President. The only answer is to vote out of office most incumbents, soon.

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