The Year In Money

The Year in MoneyThe Year of DebtNineteen eighty-five was the year of debt. In other words, it was very much like 1984, 1983--how much time have you got?The Federal deficit was dealt with forcefully (when it came to Amtrak), but a lot of little programs, such as Social Security and defense, kept growing with inflation. America went deeper than ever into hock.We became, in 1985, a net debtor nation for the first time since World War One, owing foreigners more than they owed us. A record number of...