And you think everyone is hating America

Debt Problem? What Debt Problem?


The United States may be hurtling headlong into a debt disaster, but that didn't seem to bother creditors today.

Sure, the national debt now exceeds $12 trillion, and simply servicing that mountain of IOUs is going to cost almost $1 trillion a year in a decade. Still, bidders today drove down the price of two-year Treasury notes to an all-time low, as though the U.S. isn't facing a fiscal reckoning of seriously unpleasant proportions.