If you think credit card debt is a hassle, you should take a look at U.S. debt. Current levels of U.S. debt are staggering, as over $1.2 trillion has been added to the balance sheet already since the beginning of 2008. Estimates, though they vary, have come out that up to 90% of U.S. GDP will be debt by the end of 2009.
Legislators have imposed a credit limit on spending, and put a ceiling of $12.1 trillion on U.S. debt. It isn't the first time a ceiling has been put in, and in 1995, there was…
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Posted on November 12, 2009 at 3:31am —