Can U.S. Go Bankrupt? YES WE CAN!

National Debt Tops $14 Trillion
Mark Knoller

The latest posting today of the National Debt shows it has topped $14 trillion for the first time.


The U.S. Treasury website today reported that as of last Friday, the last day of 2010, the National Debt stood at $14,025,215,218,708.52.

It took just 7 months for the National Debt to increase from $13 trillion on June 1, 2010 to $14 trillion on Dec. 31. It also means the debt is fast approaching the statutory ceiling $14.294 trillion set by Congress and signed into law by President Obama last February. READ MORE HERE--->