I don't like the conclusion your article comes too.....like I said, it won't be THAT bad, unless things continue the way they have been for the past 6 months.
But, I wanted to point this out.
Quote:
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During fiscal year 2009 the U.S. Treasury is on-track to pay over $500 billion just in interest payments to finance the already-existing debt. New debt this year will likely exceed a trillion dollars. The total debt burden on the economy as a whole could reach $70 trillion by 2010, with annual interest payments for individuals, households, businesses, and all levels of government likely to reach $3 trillion out of a $14 trillion GDP that is now in sharp decline.
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Go Obama Go. Spend more money. Surely that is the solution to every problem the US faces right now.