US Going for Broke

US sovereign debt is estimated to be $19.6T or 140% of GDP by 2015. I suppose it really doesn't matter  anymore. Once you're bankrupt, it can't get any worse. May as well just keep piling on the debt that you can never repay so long as suckers will continue to loan.

Apparently loaning money to the government is the only game in town, otherwise lenders would just say no. Something awful is going to come from this.