[willywill]

if we’re borrowing a trillion a year with no intention and no ability to pay it off, does anyone think this is not our future?

[central_va]

You don’t get it. We just have to suck slightly less then everyone else.

[Vermont Lt]

I dont think Russia has nearly the debt we have.

Of course, their oil revenues are getting slaughtered.

I am almost always glad I don’t live in Russia. Today I am even happier I am not there.

[familyop]

"if we’re borrowing a trillion a year with no intention and no ability to pay it off, does anyone think this is not our future?"

Watch for one of the two key interest rates here to go up. Russia is already well into that process. A little background info follows.

US Debt to GDP Ratio, the Looming Debt Crisis
4/1/2010
http://www.tradingonlinemarkets.com/Articles/Economics/debt_to_gdp_ratio.htm

United States Government Debt to GDP 1940-2014
http://www.tradingeconomics.com/united-states/government-debt-to-gdp

Levels of domestic production (on our own soil, not American-"based") have much to do with it. So far China is getting ahead and is even one of the world's major oil producers.