A Debt-Fueled Spending Binge

Investor's Business Daily
March 2014
Investors Business Daily;3/11/2014, pA12
The article focuses on a study which reveals that governments from several countries have increased their debts by more than 40% to over $100 trillion in response to the global financial crisis. It notes that the world included $30 trillion in government debt to its balance sheets as reported by the Bank for International Settlements. Several economic indicators such as gross domestic product are mentioned.


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