http://www.zerohedge.com/news/here-we-go-again-us-breach-transitory-debt-ceiling-monday We are about to hit 100% debt to GDP too...something that has not happened since post WWII. I wonder why no mainstream media is covering this?
The last time they just kicked the can down the road. Then they acted surprised S&P downgraded like they did... Japan is about 200% ratio or so. Crazy hey..
I dont know if you noticed but we are running out of road here to kicked that can down. Yes, Japan has a 200% ratio, and because of that, the workers there work as hard as the slaving building the pyramids. They have a word in Japan called "Karoshi" which means "Death from overwork" Its one of the few countries in the world where the government reports it in its statistics. http://en.wikipedia.org/wiki/KarÅshi