Word: debts
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Dates: during 2010-2019
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That palette includes "greedy bankers" and a warning that debt-ridden Britain is "like an enlarged version of Iceland." There's green too, lots of it, with ambitious proposals for investing in renewable energy and axing any expansion of nuclear power. And some might see red at Clegg's trenchant views on recalibrating Britain's relationship with the U.S. The Lib Dems opposed British participation in the Iraq war, which Clegg ascribes to "this almost unseemly knee-bending allegiance to the White House. I don't think it's good for Britain," he says. "I don't think...
Judging from the noises emanating from some corners of Washington these days, the federal debt has assumed pride of place as the source of national anxiety. President Obama has called for independent commissions to seek ways to reduce spending. The media are filled with talk of America's path of financial suicide; economists warn that the debt crisis in Greece is a dry run for the cataclysm that awaits America and the world as U.S. deficits and debt balloon...
...numbers are undoubtedly big, running into many trillions of dollars. The percentages are also daunting, with projections of total gross debt reaching 100% of U.S. GDP this year or next and surging every year thereafter. There is bipartisan agreement that the deficits and overall debt are unsustainable. Douglas Holtz-Eakin, a former director of the Congressional Budget Office, has urged policymakers not just to educate the public about the dangers ahead but also "to scare them to death" about the dire prospects if the debt is allowed to continue to grow. (See a report card on the stimulus programs...
Almost everyone seems to think that these mounting debts are a severe threat to American prosperity. But what if the real problem isn't too much debt but too much anxiety about debt...
...second called by Greece's main unions - representing about half the country's 5 million workers - in less than a week. Flights were halted when air-traffic controllers walked off the job, schools and government offices were shuttered, and public transport was disrupted. (See why Greece's debt crisis threatens the euro...