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February 13, 2007

Refresh the US debt and sure topic of 2008

politics, finance — by TDavid @ 8:19 am PST
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Just refresh the US National Debt Clock and see the debt grow by more than 1.5 billion dollars every day. The debt-related news stopped updating on March 2006, but Google News and plenty of other RSS sources can fill that gap.

Google News led me to this Feb 11 story at MSNBC:

Currently the national debt is about 66 percent of GDP, which is about $14 trillion a year. That sounds like a lot. But it was nearly double that at the end of World War II (120 percent of GDP) and remained well above 60 percent for most of the prosperous 1950s.

One of the major topics presidential candidates will be pitching US voters is the national debt.

Getting out of Iraq is already positioned to be another major topic. One of the Democratic frontrunners Barack Obama, who went all social media for the geeks at my.barackobama.com, is out saying he was always against expanding the war into Iraq. Senator Hillary Clinton also making a run for the White House in 2008 is pounding this drum.

I wish the election was not so far away.

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