Quote:
Originally Posted by Hack&Lube
Canadian Public Debt: $467.3 Billion
American Public Debt: $4.9 Trillion
Total American Public Debt: (Including intra-governmental debt, social security, Medicare) $59.1 TRILLION
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So what's the deal with the US and their trillions of dollars of debt... Is this something that is likely to come back and bite them at some point, or can they simply continue to spend without regard for this figure? I think I read something about China trying to buy up US debts from other countries in order to attempt to become a greater US creditor, but I don't really understand the logistics in doing so.