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Lessons from Canada

Just about the time the Congressional “Super Committee” declared failure, our national debt clock rolled past $15 trillion. Even as the discussions, co-chaired by Sen. Patty Murray, D-Wash., ground to a halt and Congress left the Capitol for Thanksgiving, the debt clock kept ticking.

That means each taxpayer’s portion of our debt is now $133,687.

Where will this all stop? Are we headed for another partisan meltdown over raising our debt ceiling? Will we see another downgrading of our nation’s credit rating?

It is no wonder investors are keeping their money in their pockets. Credit analysts are...

 

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