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Calling on Congress to stop the debt tsunami
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The 34 names are signatories on the nonpartisan manifesto calling on the president and congress to pay attention to the debt which in 2009 went up from $5.8 trillion to $7.6 trillion, rising from 41% to 53% of GDP. With projections for the debt to rise by 2018 to 85% leaving the American economy in tatters. The 34 include, says Broder, Paul Volcker and seven former directors of the Office of Management and Budget, and seven former directors of the Congressional Budget Office.
Rising National Debt in the US could lead to much higher interest rates.
10/12/2009
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Taking the National Debt Seriously
Wall Street Journal 10/12/2009
Economist 10/26/2009
Calling on Congress to stop the debt tsunami
Washington Post 12/18/2009
America's long term debt crisis.
10/01/2009
A chronic situation from which it will be hard to get out of with sluggish growth and deflationary trends.
Grouped Articles
Economist 11/13/2009
Economist 10/01/2009
Calling on Congress to stop the debt tsunami
Washington Post 12/18/2009
New York Times 08/21/2010
Tom Keene Talks with David Stockman
BusinessWeek 08/12/2010
Washington Post 08/07/2011
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