Thursday, September 20, 2007

National debt hangover

World Economy in Flux As America Downshifts

"For years, economists have warned that the U.S. can't run up endless charges on the national credit card to cover its huge appetite for imported cars, oil, electronics and other goods. Someday, they said, the bill will come due."'s a sober treatment of why "'we have to tighten our belts here at home'".

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