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Far too high. there t. is also rather embarrassing that the president's own debt commission says he not doing nearly enough to solve the debt crisis. a very simple strategy. the u.s. government must go back to 2008. it must spend the same amount of money that it did before the recession hit. the budget in 2008 was 2.2 -- 2.9 trillion. almost a trillion dollars less than the 2012 proposal. the deficit in 2008 was 458 billion. 60% lower than projected deficit in 12. so let let's go back to 20088. that would mean the defense department would get 612 billion instead of 884 billion. the department ...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.

Basically, there we go, today the credit agency lowered japan's credit outlook from stable to negative. that's a warning to japan. the agency is saying if you don't act now, your debt situation is going to get even worse because of the quake and the tsunami. even before the crisis japan's debt was on course to exceed 200% of the country's gdp this year. and that is the highest level in the developed world. as for reconstruction costs, well, the agency estimates they'll come in anywhere from between $245 billion to $612 billion. that is a huge range to be sure. it's a lot of money whichever way...

Many economists saying that's far too high. there t. is also rather embarrassing that the president's own debt commission says he not doing nearly enough to solve the debt crisis. a very simple strategy. the u.s. government must go back to 2008. it must spend the same amount of money that it did before the recession hit. the budget in 2008 was 2.2 -- 2.9 trillion. almost a trillion dollars less than the 2012 proposal. the deficit in 2008 was 458 billion. 60% lower than projected deficit in 12. so let let's go back to 20088. that would mean the defense department would get 612 billion instead o...