A Question For Progressives: Do You Care At All That America is Being Crushed By Debt? (Congress, Obama)
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However, this is all small-fry compared to a comparatively unreported crisis brewing across the pond. In May the US hit its debt ceiling of $14.3 trillion (£8.8 trillion), the amount it is allowed to borrow, as approved by Congress.
Last week US Federal Reserve chairman Ben Bernanke warned that America’s creditworthiness is at risk if the limit is not raised imminently.
More strongly, President Obama warned of “a reprise of [the] financial crisis” if something is not done soon to avert a US default that would eclipse many times over any by Greece.
I think the question is illogical. Everyone cares.
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