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	<title>Daniel M. Hendricks &#187; debt</title>
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	<description>Learn from yesterday, live for today.</description>
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		<title>$7.7 Trillion</title>
		<link>http://www.danhendricks.com/2008/11/77-trillion/</link>
		<comments>http://www.danhendricks.com/2008/11/77-trillion/#comments</comments>
		<pubDate>Mon, 24 Nov 2008 21:02:36 +0000</pubDate>
		<dc:creator>Daniel</dc:creator>
				<category><![CDATA[News & Current Events]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[crooks]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[socialism]]></category>

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		<description><![CDATA[From Bloomberg: U.S. Pledges Top $7.7 Trillion to Ease Frozen Credit &#8220;The unprecedented pledge of funds includes $3.18 trillion already tapped by financial institutions in the biggest response to an economic emergency since the New Deal of the 1930s, according to data compiled by Bloomberg.&#8221; For the record, folks, that&#8217;s roughly half of our 2007 [...]]]></description>
			<content:encoded><![CDATA[<p><img style="float: right; padding: 0 0 10px 10px;" src="/images/blog/2008/united%20states%20of%20china flag.jpg" alt="United States of China" width="200" height="134" /><br />
From Bloomberg: <a href="http://www.bloomberg.com/apps/news?pid=20601087&amp;sid=aDqw8_eMzrhU&amp;refer=home">U.S. Pledges Top $7.7 Trillion to Ease Frozen Credit</a></p>
<blockquote><p><em>&#8220;The unprecedented pledge of funds includes $3.18 trillion already tapped by financial institutions in the biggest response to an economic emergency since the New Deal of the 1930s, according to data compiled by Bloomberg.&#8221;</em></p></blockquote>
<p>For the record, folks, that&#8217;s roughly half of our 2007 <a href="http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)" target="_blank">GDP</a> and about three-fourths of our <a href="http://en.wikipedia.org/wiki/United_States_public_debt#History" target="_blank">current federal deficit</a>.</p>
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