Debt Photos on Townhall

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              ADVANCE FOR MAY 6, 2013, AND THEREAFTER - FILE - In this Aug. 8, 2011, file photo, a statue of former Treasury Secretary Albert Gallatin stands outside the Treasury Building in Washingt

    ADVANCE FOR MAY 6, 2013, AND THEREAFTER - FILE - In this Aug. 8, 2011, file photo, a statue of former Treasury Secretary Albert Gallatin stands outside the Treasury Building in Washingt

    Posted: 5/2/2013 2:28:35 PM EST
    ADVANCE FOR MAY 6, 2013, AND THEREAFTER - FILE - In this Aug. 8, 2011, file photo, a statue of former Treasury Secretary Albert Gallatin stands outside the Treasury Building in Washington. Absent a magic potion or explosive economic growth, it was all but inevitable President Barack Obama would have to break some of his campaign promises to keep others. If there's one thing that distinguished them besides their ambition, it was their incompatibility. Even after a hard-fought deficit-cutting deal in 2011 and a tax-increase measure in January, Washington still has a considerable way to go to wrestle intractable budget deficits under control. The Congressional Budget Office estimates cumulative deficits of roughly $7 trillion over the coming decade and warns "such high and rising debt would have serious consequences," including higher interest costs for the government, reduced national savings and investment and a potential fiscal crisis. (AP Photo/Jacquelyn Martin, File)
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              ADVANCE FOR MAY 6, 2013, AND THEREAFTER - FILE - In this Aug. 8, 2011, file photo, a statue of former Treasury Secretary Albert Gallatin stands outside the Treasury Building in Washingt

    ADVANCE FOR MAY 6, 2013, AND THEREAFTER - FILE - In this Aug. 8, 2011, file photo, a statue of former Treasury Secretary Albert Gallatin stands outside the Treasury Building in Washingt

    Posted: 5/2/2013 2:28:35 PM EST
    ADVANCE FOR MAY 6, 2013, AND THEREAFTER - FILE - In this Aug. 8, 2011, file photo, a statue of former Treasury Secretary Albert Gallatin stands outside the Treasury Building in Washington. Absent a magic potion or explosive economic growth, it was all but inevitable President Barack Obama would have to break some of his campaign promises to keep others. If there's one thing that distinguished them besides their ambition, it was their incompatibility. Even after a hard-fought deficit-cutting deal in 2011 and a tax-increase measure in January, Washington still has a considerable way to go to wrestle intractable budget deficits under control. The Congressional Budget Office estimates cumulative deficits of roughly $7 trillion over the coming decade and warns "such high and rising debt would have serious consequences," including higher interest costs for the government, reduced national savings and investment and a potential fiscal crisis. (AP Photo/Jacquelyn Martin, File)
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              FILE - In this Nov. 28, 2012, file photo, former White House Chief of Staff Erskine Bowles, co-chairman of the National Commission on Fiscal Responsibility and Reform, speaks to reporte

    FILE - In this Nov. 28, 2012, file photo, former White House Chief of Staff Erskine Bowles, co-chairman of the National Commission on Fiscal Responsibility and Reform, speaks to reporte

    Posted: 5/2/2013 3:23:28 AM EST
    FILE - In this Nov. 28, 2012, file photo, former White House Chief of Staff Erskine Bowles, co-chairman of the National Commission on Fiscal Responsibility and Reform, speaks to reporters on Capitol Hill in Washington, following a closed-door meeting with House Speaker John Boehner. Even after a hard-fought deficit-cutting deal in 2011 and a tax-increase measure in January, Washington still has a considerable way to go to wrestle intractable budget deficits under control. The Congressional Budget Office estimates cumulative deficits of roughly $7 trillion over the coming decade and warns "such high and rising debt would have serious consequences," including higher interest costs for the government, reduced national savings and investment and a potential fiscal crisis. In budget circles, $4 trillion in deficit cuts is an important figure because that's the amount of savings claimed by Obama's own deficit commission, co-chaired by Bowles. (AP Photo/J. Scott Applewhite, File)
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              FILE - In this Nov. 28, 2012, file photo, former White House Chief of Staff Erskine Bowles, co-chairman of the National Commission on Fiscal Responsibility and Reform, speaks to reporte

    FILE - In this Nov. 28, 2012, file photo, former White House Chief of Staff Erskine Bowles, co-chairman of the National Commission on Fiscal Responsibility and Reform, speaks to reporte

    Posted: 5/2/2013 3:23:28 AM EST
    FILE - In this Nov. 28, 2012, file photo, former White House Chief of Staff Erskine Bowles, co-chairman of the National Commission on Fiscal Responsibility and Reform, speaks to reporters on Capitol Hill in Washington, following a closed-door meeting with House Speaker John Boehner. Even after a hard-fought deficit-cutting deal in 2011 and a tax-increase measure in January, Washington still has a considerable way to go to wrestle intractable budget deficits under control. The Congressional Budget Office estimates cumulative deficits of roughly $7 trillion over the coming decade and warns "such high and rising debt would have serious consequences," including higher interest costs for the government, reduced national savings and investment and a potential fiscal crisis. In budget circles, $4 trillion in deficit cuts is an important figure because that's the amount of savings claimed by Obama's own deficit commission, co-chaired by Bowles. (AP Photo/J. Scott Applewhite, File)
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              FILE - In this Feb. 5, 2013, file photo, Congressional Budget Office Director Douglas Elmendorf is reflected on a table as he speaks about the office's annual Budget and Economic Outloo

    FILE - In this Feb. 5, 2013, file photo, Congressional Budget Office Director Douglas Elmendorf is reflected on a table as he speaks about the office's annual Budget and Economic Outloo

    Posted: 5/2/2013 3:23:28 AM EST
    FILE - In this Feb. 5, 2013, file photo, Congressional Budget Office Director Douglas Elmendorf is reflected on a table as he speaks about the office's annual Budget and Economic Outlook during a news conference at the Ford House Office Building in Washington. Even after a hard-fought deficit-cutting deal in 2011 and a tax-increase measure in January, Washington still has a considerable way to go to wrestle intractable budget deficits under control. The Congressional Budget Office estimates cumulative deficits of roughly $7 trillion over the coming decade and warns "such high and rising debt would have serious consequences," including higher interest costs for the government, reduced national savings and investment and a potential fiscal crisis. (AP Photo/Jacquelyn Martin, File)
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              FILE - In this Feb. 5, 2013, file photo, Congressional Budget Office Director Douglas Elmendorf is reflected on a table as he speaks about the office's annual Budget and Economic Outloo

    FILE - In this Feb. 5, 2013, file photo, Congressional Budget Office Director Douglas Elmendorf is reflected on a table as he speaks about the office's annual Budget and Economic Outloo

    Posted: 5/2/2013 3:23:28 AM EST
    FILE - In this Feb. 5, 2013, file photo, Congressional Budget Office Director Douglas Elmendorf is reflected on a table as he speaks about the office's annual Budget and Economic Outlook during a news conference at the Ford House Office Building in Washington. Even after a hard-fought deficit-cutting deal in 2011 and a tax-increase measure in January, Washington still has a considerable way to go to wrestle intractable budget deficits under control. The Congressional Budget Office estimates cumulative deficits of roughly $7 trillion over the coming decade and warns "such high and rising debt would have serious consequences," including higher interest costs for the government, reduced national savings and investment and a potential fiscal crisis. (AP Photo/Jacquelyn Martin, File)
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              FILE - In this Aug. 8, 2011 file photo, a statue of former Treasury Secretary Albert Gallatin stands outside the Treasury Building in Washington. Even after a hard-fought deficit-cuttin

    FILE - In this Aug. 8, 2011 file photo, a statue of former Treasury Secretary Albert Gallatin stands outside the Treasury Building in Washington. Even after a hard-fought deficit-cuttin

    Posted: 5/2/2013 3:23:28 AM EST
    FILE - In this Aug. 8, 2011 file photo, a statue of former Treasury Secretary Albert Gallatin stands outside the Treasury Building in Washington. Even after a hard-fought deficit-cutting deal in 2011 and a tax-increase measure in January, Washington still has a considerable way to go to wrestle intractable budget deficits under control. The Congressional Budget Office estimates cumulative deficits of roughly $7 trillion over the coming decade and warns "such high and rising debt would have serious consequences," including higher interest costs for the government, reduced national savings and investment and a potential fiscal crisis. (AP Photo/Jacquelyn Martin, File)
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              FILE - In this Aug. 8, 2011 file photo, a statue of former Treasury Secretary Albert Gallatin stands outside the Treasury Building in Washington. Even after a hard-fought deficit-cuttin

    FILE - In this Aug. 8, 2011 file photo, a statue of former Treasury Secretary Albert Gallatin stands outside the Treasury Building in Washington. Even after a hard-fought deficit-cuttin

    Posted: 5/2/2013 3:23:28 AM EST
    FILE - In this Aug. 8, 2011 file photo, a statue of former Treasury Secretary Albert Gallatin stands outside the Treasury Building in Washington. Even after a hard-fought deficit-cutting deal in 2011 and a tax-increase measure in January, Washington still has a considerable way to go to wrestle intractable budget deficits under control. The Congressional Budget Office estimates cumulative deficits of roughly $7 trillion over the coming decade and warns "such high and rising debt would have serious consequences," including higher interest costs for the government, reduced national savings and investment and a potential fiscal crisis. (AP Photo/Jacquelyn Martin, File)
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              FILE - In this Friday, Oct. 21, 2011, file photo, Michael Jackson's former doctor Conrad Murray sits in a courtroom during his involuntary manslaughter trial in Los Angeles. Jurors hear

    FILE - In this Friday, Oct. 21, 2011, file photo, Michael Jackson's former doctor Conrad Murray sits in a courtroom during his involuntary manslaughter trial in Los Angeles. Jurors hear

    Posted: 5/1/2013 11:03:24 AM EST
    FILE - In this Friday, Oct. 21, 2011, file photo, Michael Jackson's former doctor Conrad Murray sits in a courtroom during his involuntary manslaughter trial in Los Angeles. Jurors hearing a civil case on Wednesday May 1,2013 against Jackson's concert promoter that Murray was more than $500,000 in debt and his finances were “severely distressed.” (AP Photo/Reed Saxon, Pool, File)
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              FILE - In this Friday, Oct. 21, 2011, file photo, Michael Jackson's former doctor Conrad Murray sits in a courtroom during his involuntary manslaughter trial in Los Angeles. Jurors hear

    FILE - In this Friday, Oct. 21, 2011, file photo, Michael Jackson's former doctor Conrad Murray sits in a courtroom during his involuntary manslaughter trial in Los Angeles. Jurors hear

    Posted: 5/1/2013 11:03:24 AM EST
    FILE - In this Friday, Oct. 21, 2011, file photo, Michael Jackson's former doctor Conrad Murray sits in a courtroom during his involuntary manslaughter trial in Los Angeles. Jurors hearing a civil case on Wednesday May 1,2013 against Jackson's concert promoter that Murray was more than $500,000 in debt and his finances were “severely distressed.” (AP Photo/Reed Saxon, Pool, File)
  •  - Reykjavik mayor Gnarr, wearing an Obi Wan outfit of Star Wars fame, and Brighter Future party chairperson Helgadottir attend Iceland's general elections in Reykjavik

    Reykjavik mayor Gnarr, wearing an Obi Wan outfit of Star Wars fame, and Brighter Future party chairperson Helgadottir attend Iceland's general elections in Reykjavik

    Posted: 4/28/2013 2:17:52 PM EST
    Reykjavik mayor Jon Gnarr (L), wearing an Obi Wan outfit of Star Wars fame, and Brighter Future party chairperson Heida Kristin Helgadottir attend Iceland's general elections in Reykjavik, April 27, 2013. Icelanders fed up with years of belt-tightening looked set on Saturday to oust the ruling Social Democrats, wooed with pledges of tax cuts and debt relief from the centre-right, which presided over a spectacular financial collapse five years ago. REUTERS/Sigtryggur Johannsson
  •  - Reykjavik mayor Gnarr, wearing an Obi Wan outfit of Star Wars fame, and Brighter Future party chairperson Helgadottir attend Iceland's general elections in Reykjavik

    Reykjavik mayor Gnarr, wearing an Obi Wan outfit of Star Wars fame, and Brighter Future party chairperson Helgadottir attend Iceland's general elections in Reykjavik

    Posted: 4/28/2013 2:17:52 PM EST
    Reykjavik mayor Jon Gnarr (L), wearing an Obi Wan outfit of Star Wars fame, and Brighter Future party chairperson Heida Kristin Helgadottir attend Iceland's general elections in Reykjavik, April 27, 2013. Icelanders fed up with years of belt-tightening looked set on Saturday to oust the ruling Social Democrats, wooed with pledges of tax cuts and debt relief from the centre-right, which presided over a spectacular financial collapse five years ago. REUTERS/Sigtryggur Johannsson
  •  - A woman casts her vote during Iceland's general elections in Reykjavik

    A woman casts her vote during Iceland's general elections in Reykjavik

    Posted: 4/28/2013 2:17:52 PM EST
    A woman casts her vote during Iceland's general elections in Reykjavik April 27, 2013. Icelanders fed up with years of belt-tightening looked set on Saturday to oust the ruling Social Democrats, wooed with pledges of tax cuts and debt relief from the centre-right, which presided over a spectacular financial collapse five years ago. REUTERS/Sigtryggur Johansson
  •  - A woman casts her vote during Iceland's general elections in Reykjavik

    A woman casts her vote during Iceland's general elections in Reykjavik

    Posted: 4/28/2013 2:17:52 PM EST
    A woman casts her vote during Iceland's general elections in Reykjavik April 27, 2013. Icelanders fed up with years of belt-tightening looked set on Saturday to oust the ruling Social Democrats, wooed with pledges of tax cuts and debt relief from the centre-right, which presided over a spectacular financial collapse five years ago. REUTERS/Sigtryggur Johansson
  •  - Reykjavik mayor Gnarr, wearing an Obi Wan outfit of Star Wars fame, and Brighter Future party chairperson Helgadottir attend Iceland's general elections in Reykjavik

    Reykjavik mayor Gnarr, wearing an Obi Wan outfit of Star Wars fame, and Brighter Future party chairperson Helgadottir attend Iceland's general elections in Reykjavik

    Posted: 4/28/2013 1:20:20 PM EST
    Reykjavik mayor Jon Gnarr (L), wearing an Obi Wan outfit of Star Wars fame, and Brighter Future party chairperson Heida Kristin Helgadottir attend Iceland's general elections in Reykjavik, April 27, 2013. Icelanders fed up with years of belt-tightening looked set on Saturday to oust the ruling Social Democrats, wooed with pledges of tax cuts and debt relief from the centre-right, which presided over a spectacular financial collapse five years ago. REUTERS/Sigtryggur Johannsson
  •  - Reykjavik mayor Gnarr, wearing an Obi Wan outfit of Star Wars fame, and Brighter Future party chairperson Helgadottir attend Iceland's general elections in Reykjavik

    Reykjavik mayor Gnarr, wearing an Obi Wan outfit of Star Wars fame, and Brighter Future party chairperson Helgadottir attend Iceland's general elections in Reykjavik

    Posted: 4/28/2013 1:20:20 PM EST
    Reykjavik mayor Jon Gnarr (L), wearing an Obi Wan outfit of Star Wars fame, and Brighter Future party chairperson Heida Kristin Helgadottir attend Iceland's general elections in Reykjavik, April 27, 2013. Icelanders fed up with years of belt-tightening looked set on Saturday to oust the ruling Social Democrats, wooed with pledges of tax cuts and debt relief from the centre-right, which presided over a spectacular financial collapse five years ago. REUTERS/Sigtryggur Johannsson
  •  - A woman casts her vote during Iceland's general elections in Reykjavik

    A woman casts her vote during Iceland's general elections in Reykjavik

    Posted: 4/28/2013 1:20:20 PM EST
    A woman casts her vote during Iceland's general elections in Reykjavik April 27, 2013. Icelanders fed up with years of belt-tightening looked set on Saturday to oust the ruling Social Democrats, wooed with pledges of tax cuts and debt relief from the centre-right, which presided over a spectacular financial collapse five years ago. REUTERS/Sigtryggur Johansson
  •  - A woman casts her vote during Iceland's general elections in Reykjavik

    A woman casts her vote during Iceland's general elections in Reykjavik

    Posted: 4/28/2013 1:20:20 PM EST
    A woman casts her vote during Iceland's general elections in Reykjavik April 27, 2013. Icelanders fed up with years of belt-tightening looked set on Saturday to oust the ruling Social Democrats, wooed with pledges of tax cuts and debt relief from the centre-right, which presided over a spectacular financial collapse five years ago. REUTERS/Sigtryggur Johansson
  •  - Reykjavik mayor Gnarr, wearing an Obi Wan outfit of Star Wars fame, and Brighter Future party chairperson Helgadottir attend Iceland's general elections in Reykjavik

    Reykjavik mayor Gnarr, wearing an Obi Wan outfit of Star Wars fame, and Brighter Future party chairperson Helgadottir attend Iceland's general elections in Reykjavik

    Posted: 4/28/2013 7:35:55 AM EST
    Reykjavik mayor Jon Gnarr (L), wearing an Obi Wan outfit of Star Wars fame, and Brighter Future party chairperson Heida Kristin Helgadottir attend Iceland's general elections in Reykjavik, April 27, 2013. Icelanders fed up with years of belt-tightening looked set on Saturday to oust the ruling Social Democrats, wooed with pledges of tax cuts and debt relief from the centre-right, which presided over a spectacular financial collapse five years ago. REUTERS/Sigtryggur Johannsson
  •  - Reykjavik mayor Gnarr, wearing an Obi Wan outfit of Star Wars fame, and Brighter Future party chairperson Helgadottir attend Iceland's general elections in Reykjavik

    Reykjavik mayor Gnarr, wearing an Obi Wan outfit of Star Wars fame, and Brighter Future party chairperson Helgadottir attend Iceland's general elections in Reykjavik

    Posted: 4/28/2013 7:35:55 AM EST
    Reykjavik mayor Jon Gnarr (L), wearing an Obi Wan outfit of Star Wars fame, and Brighter Future party chairperson Heida Kristin Helgadottir attend Iceland's general elections in Reykjavik, April 27, 2013. Icelanders fed up with years of belt-tightening looked set on Saturday to oust the ruling Social Democrats, wooed with pledges of tax cuts and debt relief from the centre-right, which presided over a spectacular financial collapse five years ago. REUTERS/Sigtryggur Johannsson


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