US Debt Approaches $10 Trillion

3 12 2007

USA Today (via AP) has a good piece today about the skyrocketing federal debt, how it works, and how the music might stop.

“The first day the Chinese or the Japanese or the Saudis say, ‘we’ve bought enough of your paper,’ then the debt — whatever level it is at that point — becomes unmanageable.”

 

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