So far, I’ve never heard the same commotion in the market and the media unlike earlier this year when the US economy earned an embarrassing downgrade.
Perhaps, with all the Thanksgiving Holiday frenzy and the Black Friday storm that took place, almost everyone doesn’t care a whit about the surging US debt and is just looking forward to inflate personal spending. Well, that isn’t the case in Washington though. Democrats and Republicans are currently at a stalemate as to the best way to reduce the US debt, which now tops the $15 trillion mark from its $5.6 trillion level in 2000 according to usdebtclock.org.
