Updated on 1 February 2003

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United States: The Debt Mountain

Commentary

Vol. 38, Issue No. 05, 01 Feb, 2003

Updated on 1 February 2003

Frederic Clairmont

A possible war launched by the US in Iraq is projected to cost $ 400 bn, even as the rising tide of debt and sharp fall in savings rate threaten to undermine the financial structure of the US.

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