1 | What do you owe on credit cards? | |
2 | The more we consume, the larger that debt becomes. | |
3 | That means that we owe an amount equal to 3.73 times the annual output of the entire U.S. economy. | |
4 | It might also have difficulty collecting what Libya owes for weapons already supplied. | |
5 | Some market participants argue such a default would be quickly "cured" and be therefore merely technical. |