http://www.nma.tv The United States has maxed out its credit card. The country's debt now stands at a whopping US$14 trillion. Your share of it comes US$45,300. That is how much the US owes for every man, woman and child alive in the United States today. Yet Congress is preparing to raise the debt ceiling. Naturally, there will be a lot of finger pointing about who is responsible for creating this mess. Let's see: in George Bush's second term, the debt grew from $7.6 trillion to $10.6 trillion. Barack Obama made it worse, increasing the debt further to $14 trillion today. In 2006, the Democrats preached fiscal responsibility while the Republicans voted for higher debt ceilings. Now those roles are reversed. It is little wonder that 71% of public opposes raising the debt ceiling. How will the debt ever be repaid?
