Currentusa

The United States faces a national debt that it realistically has no chance of ever paying. The government and financial powers have started to quietly deal with this problem in a number of ways. One is the classic approach of devaluing our currency so that it becomes easier to pay off the debt.

Republicans and Democrats are butting heads as they try to negotiate a solution the debt ceiling deadline coming up in early August. This political brawl is, of course, a reflection of the need to deal with the national debt and get the finances of the federal government in order.

The national debt has received a significant amount of attention lately and rightly so. We've hit our debt ceiling again and Tea Party politicians are trying to stick to their campaign promises regarding dealing with the debt. Alas, the economy may prevent that.

The political process in Washington, D.C. is current attempting to come up with a solution to the short term debt ceiling issue facing the federal government.