US national debt hits $16 trillion

[cardmasters]

http://news.yahoo.com/us-national-de...48.html?_esi=1

What's gonna happen to America if we are in 20-30 trillion dollars in debt?

[JustAlex]

What's gonna happen to America if we are in 20-30 trillion dollars in debt?

Um, the same that's happening now....

Seriously, how much difference can it make?

[shrewsbury]

dollar falls, less jobs, higher taxes with less people paying them, to name a few

[Wickabee]

dollar falls, less jobs, higher taxes with less people paying them, to name a few

Don't look now, but you're halfway there already.

[shrewsbury]

i have been on a slow ride for a while now.

[duwal]

Um, the same that's happening now....

Seriously, how much difference can it make?

none really, most of us have been alive to say that the U.S. has been in debt for longer than we have been alive. And has America and its increasing debt dramatically affected anyone's lives on here???? hmmm????

[shrewsbury]

http://money.usnews.com/money/person...bt-affects-you

[pghin08]

none really, most of us have been alive to say that the U.S. has been in debt for longer than we have been alive. And has America and its increasing debt dramatically affected anyone's lives on here???? hmmm????

With the exception of (I think) 1835, the US has carried a "national debt" every year of its existence. Though I must admit, the unfunded pension liabilities, rising cost of medicare and the boomers starting to suck out SS, SSDI and everything else, I'm worried.