Just read this in a financial newsletter titled:
"This New Trend Will Crush the Housing Market"
The national debt clock has the debt today at $13.455 trillion — or $43,532.97 per man, woman and child (not worker or taxpayer, mind you).
The debt is expected to rise to 100% of GDP in 2012. This doesn’t include the off balance sheet stuff like the $5 trillion of Freddie Mac and Fannie Mae debt that we all own. But no one wants to talk about that, so I’m not going to bring it up.
The only way to pay off this debt is to raise taxes or destroy the currency through inflation.
In the long run, you want to be out of U.S. debt and the U.S. dollar.