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Last year, the US set up a Super Committee to find $1.2 trillion of deficit reduction by November in order to avoid “automatic sequestration.” Over a decade, sequestration would reduce the federal debt by $153 billion (which is about what the US government currently borrows every month). The latest drama: the fiscal cliff. Continue reading
2012-12-10 04:05:45
Source: http://blog.bmgbullion.com/economy/kindly-note-the-impending-bankruptcy/