Daily news and opinion from le Chat Marchet
July 3rd, 2009 at 9:00 pm

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

Posted in: le Chat Marchet

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.


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