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Countdown to Financial Armageddon
Tracking the final days of the debt bubble
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Sen. Grassley: US Teeters on Brink of Fiscal Armageddon

Sen. Charles Grassley, the Ranking Republican on the Senate Judiciary Committee, tells Newsmax that the United States faces fiscal Armageddon because of the mammoth and growing national debt.
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December deadline won't mark end of debt fight

December deadline won't mark end of debt fight | Countdown to Financial Armageddon | Scoop.it

WASHINGTON (Reuters) - December looms as the deadline for tackling a fiscal mess punctuated by a $14.8 trillion national debt. But it's December 2012, not 2011, that is really worth keeping an eye on

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US Debt committee: Why $1.2 trillion isn't enough to stop the accumulated debt from growing faster than the economy

US Debt committee: Why $1.2 trillion isn't enough to stop the accumulated debt from growing faster than the economy | Countdown to Financial Armageddon | Scoop.it

Sometimes less is more. But when it comes to deficit reduction, if the debt committee aims only for the bare minimum of $1.2 trillion, it won't move the needle much on the country's fiscal predicament.

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