The Economic Consequences of Mr. Bush

US debt tops $9 trillion for first time-Treasury

The U.S. Treasury Department said on Wednesday publicly held U.S. debt breached $9 trillion this week for the first time ever, just five weeks after Congress had raised the statutory borrowing limit.

//www.reuters.com/article/bondsNews/idUSN0754579020071107



Federal Liabilities Now Equal $175,000 for Every American

Deficit spending and promised benefits for federal entitlement programs have put every man, woman, and child in the United States on the hook for $175,000, says a new report by David Walker, comptroller general of the United States.

//snipurl.com/1td4q



Card Debt a $915 Billion Disaster-in-Waiting

Think the estimated subprime debt load carried by the big international banks is big, at $1 trillion? How about this: Americans now owe nearly as much - a record $915 billion - on their credit cards alone.

//moneynews.com/money/archives/st/2007/11/6/155431.cfm?s=st



The Economic Consequences of Mr. Bush

The next president will have to deal with yet another crippling legacy of George W. Bush: the economy. A Nobel laureate, Joseph E. Stiglitz, sees a generation-long struggle to recoup.

//www.vanityfair.com/politics/features/2007/12/bush200712


From Information Clearing House



//freepage.twoday.net/search?q=Stiglitz

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