he $700 billion Wall Street bailout pushed by Treasury Secretary Henry Paulson would push the national debt to its highest level since 1954, driving it above 70 percent of GDP. The budget deficit would also likely rise to an all-time high of more than $1 trillion next year. That in turn could depress demand for U.S. bonds. “This is sobering, absolutely sobering, even to someone who doesn’t drink,” said former congressional budget analyst Stan Collender. (Bloomberg)
- How to make people like you: 6 science-based conversation hacks
- The lingering mystery of the 1964 World's Fair
- The Black Death is back
- Diagnosing the Home Alone burglars' injuries: A professional weighs in
- Millennial women have seriously narrowed the wage gap with men
- Watch Fox News' Megyn Kelly claim Santa, like Jesus, is a white guy
- How Arrow became the best superhero show on television
- Which professions have the most psychopaths?
- Cul-de-sacs are killing America
- He said he was leaving. She ignored him.
Subscribe to the Week