June 30th, 2009 — 09:57 pm
Makanre asked: We just discussed in class that each household would have to pay $549,000 to get out of debt. I know the number is very high but does anyone know the actual amount in debt we are?
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June 27th, 2009 — 12:39 pm
advait0 asked: The U.S. Federal Government is in major extreme almost unsolvable debt, State governments sometimes go broke resulting in a shut down of services. So what happens when a state government goes bankrupt for a long period of time, say 6 months to a year? What if the Fed can’t give grants, and loans to keep state services open?
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February 6th, 2009 — 05:39 pm
Richard_SM asked: How much money has Bush borrowed and is he leaving the debt for the next President to pay?
Why doesn’t the next President borrow some more ?
Well – what was the debt when Bush became President – and what will the debt be when he leaves?
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