2010: U.S. Debt Increased by 50% to $12.3: Where to Make the Cuts (Financial Well Being‪)‬

By Loyd Eskildson National governments will issue an estimated $4.5 trillion in debt this year, almost three times the average for mature economies over the last five years, says Daniel Fisher in Forbes, 2/8/2010. Meanwhile, U.S. debt increased by 50% to $12.3 trillion since 2006. Fortunately, repayment pain is not yet felt because U.S. interest rates are so low. Most states are also having debt problems, especially due to unfunded pension and health care liabilities. Fisher then spends the rest of his article speculating on possible inflation and lower economic growth consequences of our debt, but offers no solutions.