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Home KPFK News Latest Obama: "US debt 15 trillion" Feb 14th

 

WE ARE BROKE! DEBT NOW EQUALS TOTAL U.S. ECONOMY:

Feb 14th,  2011

President Obama projects that the gross federal debt will top $15 trillion this year, officially equaling the size of the entire U.S. economy, and will jump to nearly $21 trillion in five years’ time.


Amid the other staggering numbers in the budget Mr. Obama sent to Congress on Monday, the debt stands out — both because Congress will need to vote to raise the debt limit later this year, and because the numbers are so large.
Listen to KPFK for analysis on the economy inluding guest econominst James Galbraith on Background Briefing Monday at 5PM (pst)
 

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