National debt seen as blessing amid big figures
Analysis notes the national debt has grown to near 1 trillion dollars while the debt to GDP ratio hovers around 30 percent, with interest payments rising sharply. It contrasts Hamilton and Truman views with Reagan era actions and highlights the impact of high interest costs on the budget.
MENTIONED IN THIS ARTICLE
Treasury
Harry C. Truman
Andrew Jackson
Luggage Falls From Plane Over Newark After Door Latch Flaw
New York Air officials blame a faulty cargo door latch for an unscheduled landing of five suitcases from a Newark to Washington flight. No injuries. Three bags recovered in Ironbound and sent to Washington. two pieces, an attache case and a gray suitcase, remain missing. The pilot saw a cargo hold warning at 1,000 feet and returned to the airport. Two bags struck a Sherwin Williams store roof. another found in a backyard.
MENTIONED IN THIS ARTICLE
Newark
N.J
New York Air
New Jersey
Newark International Airport
Washington
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