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Biggest debt in the world may be true, but it doesn't indicate much given that the USA also has the largest economy in the world. The USA is not on the brink, it may be closer to the brink than I'd be happy with but it certainly isn't tottering. A good austerity plan would still get the USA back on track fairly easily and might be needed at some point in the reasonably near future.

It won't be able to get one through it's fucked up system of government though.

 

Edit: And Joel, you're way waaay off base.