According with "usdebtclock.org" , US debt subject to limit, is reaching 14.300.000.000.000 $ soon and all the bad things will come (according to press and treasury, also). Default on credit payments, unpaid social security, medical bills and school' expenses.
Probably after "cut the spending" negociations a new limit will be established.
But did really matter ?
Total personal debt is over 16,000 trillion $, debt per family 675,516 $, savings per family just 6,601 $.
Combined more than 30,000 trillion $, is an enormous and non-sustainble debt.
Economic measures are necessary now, is imperative to cut guvernamental spending, a better use of resources, more work to be done and less speculate on work done by others. Back to real economy, is the only sure bet.
From far and away, I hope to see less politics and much more responsability.
I like U US and wish U the best.
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