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Tuesday, January 3, 2012

Hmmm.... What can they do?

World’s Biggest Economies Face $7.6 Trillion Debt


  Jan. 3 (Bloomberg) -- Governments of the world's leading economies have more than $7.6 trillion of debt maturing this year, with most facing a rise in borrowing costs. The amount needing to be refinanced increases to more than $8 trillion when interest payments are included. Linda Yueh reports on Bloomberg Television's "First Look" with Caroline Hyde. (Source: Bloomberg) 

How will they fund this debt when tax receipts will account for less than 40 percent of the current budgets - to say nothing of this gigantic accrued debt? 

Gee, if they can't tax the money, what else could they do?  Hmm.  Can you think of anything?


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