Home Posts Tagged "2011 debt crisis"

2011 debt crisis

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The 12-member supercommittee, as it is called, has clearly failed to end their talks as expected. While the Democrats suggested an increase in tax for the wealthy, the Republicans were apprehensive about the Medicare programs and the inherent expenditure which is on the rise year after year. It has been a disappointing climax to a series of talks that has considered every possible alternative and yet has left things to an uncertain future in terms of tax cutting and government spending.

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