So there is a magic wand after all. A revolutionary paper by the International Monetary Fund claims that one could eliminate the net public debt of the US at a stroke, and by implication do the same for Britain, Germany,… Read More ›
Government debt
America’s financial crisis is laid bare as it’s revealed that every newborn owes more than $13,000 in state debt
State governments face combined debt of more than $4trillion When broken down to a per capita basis, every American – including babies born each day – owes an average of $13,425 By Graham Smith PUBLISHED:07:55 EST, 3 October 2012| UPDATED:07:56… Read More ›