Austerity may be the last thing the US economy needs right now, but the country's debt is $16tn It is more than a decade since the US last ran a budget surplus - and as negotiations to avoid America's fiscal cliff sailed past their new year deadline on Tuesday, it seems the country will have to wait another 10 years before it happens again. Bill Clinton was the last president to oversee a budget that prevented the country falling further into debt. The task may be beyond Hillary Clinton or whoev...
Austerity may be the last thing the US economy needs right now, but the country's debt is $16tn It is more than a decade since the US last ran a budget surplus - and as negotiations to avoid America's fiscal cliff sailed past their new year deadline on Tuesday, it seems the country will have to wait another 10 years before it happens again. Bill Clinton was the last president to oversee a budget that prevented the country falling further into debt. The task may be beyond Hillary Clinton or whoev...
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