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The United States includes a prolonged historical past of carrying public debt, dating back towards the Revolutionary War. Recently, the country wide loan has exploded, raising concerns that our country’s spending budget deficits are unsustainable. We review how Japan along with the UK dealt with their situations and focus on the implications with the US. [...]

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Was America the sole recipient of the bailout? Ben Bernanke’s testimony to Congress continued, including a heated exchange between Bernanke and Rep. Ron Paul (R-Texas), part of which was an allegation of lending to Greece to aid in the financial turmoil there. Decide for yourself whether Greece should be allowed to borrow money from the [...]

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