Over $9.1Trillion
WASHINGTON (AP) — Like a ticking time bomb, the national debt is an explosion waiting to happen. It's expanding by about $1.4 billion a day — or nearly $1 million a minute.
What's that mean to you?
It means almost $30,000 in debt for each man, woman, ***** and ****** in the United States.
"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," said Collender.
A recent comment by a Chinese lawmaker suggesting the country should buy more euros instead of dollars helped send the Dow Jones plunging more than 300 points.
The dollar is down about 35% since the end of 2001 against a basket of major currencies.
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WASHINGTON (AP) — Like a ticking time bomb, the national debt is an explosion waiting to happen. It's expanding by about $1.4 billion a day — or nearly $1 million a minute.
What's that mean to you?
It means almost $30,000 in debt for each man, woman, ***** and ****** in the United States.
"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," said Collender.
A recent comment by a Chinese lawmaker suggesting the country should buy more euros instead of dollars helped send the Dow Jones plunging more than 300 points.
The dollar is down about 35% since the end of 2001 against a basket of major currencies.
Premium Link Upgrade
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