Experts Warn Debt May Threaten Economy

[Robert Oak]

You owe $145,000. And the bill is rising every day. That's how much it would cost every American man, woman and child to pay the tab for the long-term promises the U.S. government has made to creditors, retirees, veterans and the poor.


And it's not even taking into account credit card bills, mortgages — all the debt we've racked up personally. Savings? The average American puts away barely $1 of every $100 earned.

http://news.yahoo.com/s/ap/20050827/ap_on_re_us/drowning_in_debt