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Travel Jobs >> Travel Articles >> Traveling Industry News >> Why America should declare bankruptcy
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Why America should declare bankruptcy


Federal Reserve Chairman Ben Bernanke advocated getting rid of the debt limit altogether. The U.S. will run out of funding for most government programs and risk default. This includes the so-called unfunded liabilities from entitlements like Social Security and Medicare. There?s also the scenario of ?destroying the dollar,? devaluing it so the debt burden isn?t as heavy.

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Why America should declare bankruptcy



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