About this trail:
US Debt rapidly reaching $10T. $4.3T increase over Clinton. If lucky, will cost $1660 per person per year in interest payments for eternity
Trail link: http://www.trailfire.com/chrisOdd/trails/3085
Summary: http://www.trailfire.com/chrisOdd/trailview/3085
Summary: http://www.trailfire.com/chrisOdd/trailview/3085
0
4
Tags
Similar Trails
1
US Debt rapidly reaching $10T. $4.3T increase over Clinton. If lucky, will cost $1660 per person per year in interest payments for eternity
2
The dollar accounts for more than two thirds of all central bank reserves worldwide because all international oil transactions have to be in US Dollars. This reserve status creates a constant demand for dollars, despite the underlying weakness of the U.S. economy. Hence, central banks are willing to overlook the massive trade and budget deficits are expanding with on-the-books Federal debt at record highs over 9 trillion and a fiscal gap estimated at $72 trillion.
3
THE dollar has embarked on a big decline that will see it fall against all leading currencies, according to analysts. The plunge is being prompted by America�s $800 billion (£438 billion) current-account deficit, they say.
4
5
A number of Middle Eastern central banks said on Tuesday they would seek to switch reserves from the US greenback to euros.
6
A real war on government waste could easily save over $100 billion annually without harming the legitimate operations and benefits of government programs. As a first step, lawmakers should address the 10 following examples of egregious waste.
7
8
