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Bailout Harks Back to FDR, With More Risk

'Unimaginable' spending will mean WWII-sized deficit

By Matt Cantor, Newser Staff

Posted Nov 30, 2008 2:37 PM CST

(Newser) – Washington's latest $1 trillion injection into the economy echoes Depression-era and WWII revival plans, but with a dangerous twist, writes Jim Puzzanghera in the Los Angeles Times. Even if the bailouts succeed, the government's mountain of debt will likely bury the next generation in high... Read full story »

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Bailout Harks Back to FDR, With More Risk

'Unimaginable' spending will mean WWII-sized deficit

World War II • budget deficit • bailout • economy • rescue package • financial crisis

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More Newser Stories

Facing $24B Shortfall, Calif. Gets No Love From Feds

Washington refuses state's requests for aid

Germany Moves to Rein In Future Borrowing

Constitution will be changed to ban excess borrowing: Merkel

Porn Kings Want Federal Bailout

$5B sought to 'rejuvenate sexual appetite'

Russia Tycoons Seek $78B Kremlin Bailout

Looming foreign debt forces oligarchs to return power to state

Italy Bails Out Parmesan Makers

Government spending $64M to save storied cheese industry

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