>The latest increase raises federal obligations to a record $546,668 per household in 2008, according to the USA TODAY analysis. That's quadruple what the average U.S. household owes for all mortgages, car loans, credit cards and other debt combined.
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>Anyone care?
>http://www.usatoday.com/news/washington/2009-05-28-debt_N.htm
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>Update : There is a silver lining, of course, as the dollar continues to tank our debt becomes less.

Stagflation scenario is in cards, and it is not the worst one. At least, Carter didn't have/create the same level of debt.