Presidential commission to address rising national debt
Washington Post
April 27, 2010
"'We're facing a situation that is far worse than we've ever seen in the past,' said Charles Konigsberg, director of a separate debt-reduction task force at the Bipartisan Policy Center. 'The last time the debt was this high was at the end of World War II. But then we owed the debt to ourselves. Now those interest payments are flowing out of the country' to China and other foreign investors."
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