im pretty sure u meant to write 20trillion right...even exaggeration has some boundaries

?and no its aprox 14.5 trillion +- a few
buddy us may be bankrupt...but u understand the nature the American economy right?
there GDP is 14+trillion ...this means they make 14 trillion each year even if they grow 0%.
so if they channel it into 5% deficits how long will it take for them to pay all this back? 20 years.
so the extent that America would suffer is 5% of there gdp being deducted form there gdp year on year.
imo wont effect them much.
the debt is not much of a problem, but there markets sure area cause for concern
as for now they seem to be rallying fine.but the markets are still very volatile especially du to the eurozone.