US Debt, Debt and More Debt

from the Economist:

America’s predicted deficits over the next decade come to as much as $12 trillion, to be piled on top of an existing net national debt of around $10 trillion.

By November 23rd, a “supercommittee” of 6 Democrats and 6 Senators (drawn equally from the House of Representatives and the Senate) is supposed to come up with a plan to save at least $1.2 trillion-1.5 trillion from the US budget over the next ten years.

Good luck with that. Not that we're not so high and mighty here in Canada as our debt is a disaster also.



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