The United States public debt is a measure of the obligations of the United States federal government and is presented by the United States Treasury in two components and one total: Debt Held by the Public, representing … see full wiki
Big topic this weekend. The U.S. government probability of defaulting on its obligations? Unthinkable! But, so was the tsunami that hit Japan 4 months ago!
Dateline: Aug. 2, 2011
I hate to say this, but it is now some US$14.48 trillion as I pen this QT! So, how many lifetime does the "presidents" have to work to be out of the red?! It's gonna be nasty if the two parties don't come to agreement soon!