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The United States just passed a dubious milestone: Government debt surged to an all-time high, more than $14 trillion.
That means Congress soon will have to lift the legal debt limit to give the nearly maxed-out government an even higher credit limit or dramatically cut spending to stay within the current cap. Either way, a fight is ahead on Capitol Hill, inflamed by the passions of tea party activists and deficit hawks.
Already, both sides are blaming each other for an approaching economic train wreck as Washington wrestles over how to keep the government in business and avoid default on global financial obligations.
Originally posted by Tgautier13
Nationalize the Federal Reserve. Tie the price of agricultural products to the price of oil and legalize cannabis and create the hemp industry. Start consuming our oil from Alaska, Montana and the Dakotas to minimize our dependence on foreign oil. Withdraw all troops from international territory and the disband the standing Army, distributing the leftover bases and weaponry amongst the states' own National Guard regiments. Create at least 50,000 miles of the most high tech mag-lev rail technology available for both optimal freight and passenger travel. Create Geo-Thermal power plants and harness tidal energy. Leave the United Nations. Reform the congressional districts so to lower the current average of 700,000 people per district to 215,000.