Monday, May 23, 2011

Pile of debt would stretch beyond stratosphere

Pile of debt would stretch beyond stratosphere Reuters
"* The U.S. government borrows more than $40,000 per second.
That's more than the cost of a year's tuition, room and board at many universities.
'That usually gets their attention,' Doug Holtz-Eakin, who was chief White House economist under President George W. Bush, said in an email.
'I have two kids, so every 10 seconds, the feds borrow more than I paid lifetime.'"

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