U.S. Debt Expected To Soar This Year: $2 Trillion Increase May Test Federal Ability to Borrow
"the national debt is projected to jump by as much as $2 trillion this year, an unprecedented increase that could test the world's appetite for financing U.S. government spending."
is this not the problem that got us into dire straits in the first place?
lessons we were supposed to learn from the mortgage/credit fiasco:
1. don't lend money to people who can't pay it back.
2. don't borrow more money than you can pay back.
was anyone paying attention?