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The American Empire in a Changing World



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Wednesday, May 25, 2011

'The U.S. government borrows more than $40,000 per second'

from reuters..........

"The United States hit its legal borrowing limit on Monday, and the Treasury Department has said the U.S. Congress must raise the debt ceiling by August 2 to avoid a default.

The White House is trying to hammer out a deal with lawmakers to cut federal spending in exchange for a debt-limit increase.

Most people have trouble conceptualizing $14.3 trillion"...........LINK

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