After US the Deluge? Georgia swift to follow into America's debt steps

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The Republic of Georgia is trying to model itself after the US in any way it can. Tbilisi can now celebrate, just like Washington: it has amassed a spiraling foreign debt. Money is being borrowed, but where is it all going? Anyone who has ever received a hefty credit card bill will know the pain of paying off debts. Georgia could owe up to $800 million by 2013 after a spending splurge that has left it with mounting foreign debt.
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