Well we all know this was coming… or at least, should have known due to the insane spending the US government has been doing over years. Here is a brief article that talks about the current and future debt of the US.
The U.S. debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015, according to a Treasury Department report to Congress…
The total U.S. debt includes obligations to the Social Security retirement program and other government trust funds. The amount of debt held by investors, which include China and other countries as well as individuals and pension funds, will rise to an estimated $9.1 trillion this year from $7.5 trillion last year.
– Donna Smith, Reuters
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