We've been warned. While President Obama proposes massive government spending with money we don't have, some of us are concerned that our government is taking on an unsustainable debt load. We can see what is happening in Greece. Meanwhile, the President proposes spending that will double out National Debt in ten years. That means he plans to spend as much money as all former Presidents combined, including George W. Bush.
It's time to get serious about doing something about all this debt, as reported by Jeanne Sahadi, senior writer for CNNMoney.com
Technical glitch. Violence in Greece. Historic U.K. elections. A combination of these factors sent the Dow plummeting nearly 1,000 points Thursday before regaining two-thirds of the ground lost.
But here's the thing: the market could be in for a very bumpy ride in the coming months -- except it won't have technical glitches to blame. U.S. debts, more likely than not, could be an underlying culprit.