Ghosts Of Debts Past, Present And Future

Heeding Wake-Up Call Could Mitigate Debt Crisis()  

President Obama walking with Erskine Bowles and Alan Simpson.

November 30, 2010 President Obama's fiscal commission begins its final round of meetings Tuesday, which may or may not produce a plan to cut the nation's growing debt. Experts say a debt crisis could come in 18 months or 18 years. But either way, it's a frightening prospect.

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Solving Federal Debt Crisis Hinges On Compromises()  

President Obama speaks in the Rose Garden as Erskine Bowles and Alan Simpson listen.

November 29, 2010 A new plan from the heads of a White House commission, calling for significant spending cuts and new tax revenues, faces protests from both the left and the right. But its authors say lawmakers can either deal with the rising debt or have a fix thrust upon them by those lending money to the U.S.

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Counting The Reasons Why Deficits Keep Growing()  

President Johnson (center) signs the Medicare Act in 1965 as Harry Truman (right) looks on.

November 29, 2010 How did the world's most powerful government end up with deficits so threatening and large? The financial crisis is partly to blame for the federal red ink, but so are the promises made to American retirees.

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