Most Americans tend to think of "government debt" as only a problem of the federal government. ABut that is simply not accurate. AThe truth is that there are thousands of "government debt problems" from coast to coast. AToday, state and local government debt has reached at an all-time high of 22 percent of U.S. GDP. AIt is a crisis of catastrophic proportions that is not going away any time soon.

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Posted: January 19th, 2011
at 5:57pm by Koookiecrumbles


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