MOUNTAIN OF DEBT: Rising debt may be next crisis (AP)

The soaring national debt is recorded on the National Debt Clock in New York, Friday, July 3, 2009. Already complicating efforts by President Barack Obama and Congress to cope with the worst recession in decades, economists warn that the mountain of debt easily could become the next full-fledged economic crisis without firm action from Washington. (AP Photo/Yanina Manolova)AP – The Founding Fathers left one legacy not celebrated on Independence Day but which affects us all. It’s the national debt.

This entry was posted on Friday, July 3rd, 2009 at 9:36 pm and is filed under U.S. Elections, USA Election 2008. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

 

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