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Is the US in denial over its $14tn debt?

By: weco in FFFT | Recommend this post (0)
Tue, 28 Jun 11 12:19 AM | 65 view(s)
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Is the US in denial over its $14tn debt?

By Justin Webb
BBC News
Is America in denial about the extent of its financial problems, and therefore incapable of dealing with the gravest crisis the country has ever faced?

This is a story of debt, delusion and - potentially - disaster. For America and, if you happen to think that American influence is broadly a good thing, for the world.

The debt and the delusion are both all-American: $14 trillion (£8.75tn) of debt has been amassed and there is no cogent plan to reduce it.

http://www.bbc.co.uk/news/world-13906274


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