Sen. Franken implores budget crisis be resolved in balanced way Coon Rapids ECM Publishers
M. President, I rise today to talk about our debt crisis. About our short-term debt crisis and our long-term debt crisis. And I come here today to discuss ways to address them and ways not to address them.
Our most immediate debt crisis is now upon us. In order to maintain the full faith and credit of the United States government, Congress will have to vote to raise the debt ceiling within a matter of weeks. This is something Congress has done as a matter of course many, many times over the years, as our national debt has increased.
Let us be clear about what exactly it means to raise the debt ceiling and why it is necessary. As a nation, we have accumulated 14.3 trillion dollars in debt. This in itself is a very bad and dangerous thing. That means our national debt is currently 93 percent of our gross national product. Again, that is very bad and very dangerous. We’ve been in this situation before. Actually, it’s been worse. After World War II, our national debt was at 121.7 percent of our gross national product. We certainly had something to show for it. We had won World War II.
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10-K: POWER AIR CORP 115 "Accounting for Certain Investments in Debt and Equity Securities" applies to all entities with available-for-sale and trading securities. SFAS No. |
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Stockguru.com: Stocks to Watch for January 13, 2009 - MFGD, WLSI ... - Trading Markets (press release) Stockguru.com: Stocks to Watch for January 13, 2009 - MFGD, WLSI The firm invests in commercial and multi-family real estate including residential, retail, commercial, or industrial property located in the United States |
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FinFacts IrelandTuesday Newspaper Review - Irish Business News and International Mr McCarthy said there had to be an entire rethink on where the Government generated income. He said large revenues from property sales had gone and were
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