We’ve experienced recessions, depressions, housing slumps, gas lines, currency devaluation and more over the past 150 years. One doesn’t need a crystal ball to know that history will certainly repeat itself.
We talk every morning about the massive debt my country has. How on earth are we EVER gonna pay off a $17 trillion debt. We can't. And the citizens of this country are ready to explode out of frustration
Narrowly avoiding a national default on it's debts, the US Senate passed the raising of the debt ceiling in a 74-26 vote. The raising of the ceiling will be offset by $2.4 trillion in budget cuts. Where will these cuts come from?
President Barack Obama said Sunday night that he and Congressional leaders had reached a debt deal that cuts trillions in federal spending. The debt ceiling plan was set to face a vote on Monday in hopes of enacting it before a Tuesday deadline, thus averting default, The New York Times reported.
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