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US debt eclipses economy, reaching $16 trillion

03.09.2012 23:55

The US government has announced its $16 trillion debt, a landmark number that has more than tripled during the last two presidencies. At 104 per cent of the nation’s gross domestic product, the debt is now larger than the US economy itself.

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Comments (1) Sort by: Highest rating Oldest first Newest first

Anonymous user 03.03.2013 07:17

Federal Reserve banking system is the cause of US Nat'l debt. "Modern Money Mechanics" explains all.

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