10 Trillion in Debt

According to debtclock.com, United States is almost 10 trillion in debt. If you divide the debt by every person in United States, it amounts to about 30,000 per person. This debt is also increasing at unprecedented rates, $1.93 billion per day. Combine that with the current market crisis and you have the ingredients for a perfect storm. What if the countries who lent money to the US want to collect their debt and can’t? What if the world, in fear of a market crash, begin to withdraw their investments from the US markets? Something tells me that we are just seeing the top of the iceberg right now.

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