Wednesday, August 06, 2008

"America's $53 Trillion Jumbo Loan"

Americans are now tasting the sour fruits of unaffordable mortgages: foreclosure, bankruptcy, falling markets. The nation, too, is staring at overwhelming debt, made worse by this week's forecast of a whopper federal deficit. Washington mustn't let this burden rise, for the sake of global financial markets and future US generations.

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