US Debt Crisis– Is it Justified?

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Total US Debt – Do we Need to Worry?

We feel that USA is doing a commendable job to bring peace in the world and is trying to make world a terror free place to live. Now it also means spending and the figure is large but one need not worry as US economy will not collapse as its collapse means that all financial markets will collapse and will bring a state of disarray in the whole world.

The total US debt has increased by 41.5%, or $4.4 trillion, from $10,626,877,048,913 on January 20, to $15,033,607,255,920, under Obama as president.

Mr Obama keep on doing the good work and commendable task in killing Osama Bin laden. Money is to be spent judiciously and be wary of China as it is holding 12% of the debt advanced to US in dollars. So keep your strategy ready to contain China.

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