The Debt Ceiling Debate That Didn't Happen
War and Debt
By MICHAEL HUDSON
August 3, 2011
http://counterpunch.org/

Throughout modern history, war has been the major cause of a rising national debt.

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Chinese credit rating agency downgrades US debt
Wed Aug 3, 2011 1:23PM GMT
http://www.presstv.ir/usdetail/192168.html

The Dagong Global Credit Rating Company, which had already downgraded the United States from AAA to A+ in November after the Federal Reserve loosened its monetary policy, said that it had lowered the U.S. government's rating further, to A.

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Aug 3, 1:50 PM EDT
Unemployment rose in nearly all US cities
http://hosted.ap.org/dynamic/stories/U/ ... 3-13-50-45

rose in 345 large metro areas
dropped in 20 cities...unchanged in seven

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White House toughens stance on Syria's Assad
WASHINGTON | Wed Aug 3, 2011 3:14pm EDT
http://www.reuters.com/article/2011/08/ ... WL20110803

White [Black] House...looking for more ways to squeeze Damascus.

ANY WAY YOU LOOK AT IT, IT'S SUPERPOWER AGGRESSION