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Obama and Geithner May Regret Threats of Default: Caroline Baum

July 29 (Bloomberg) -- I’m sitting at my computer, watching the national debt clock tick relentlessly higher, as if to challenge me to make mental computations. How long does it take the U.S. to accumulate an additional $1,000 in debt?

Answer: Faster than my eyes can move from the screen to the second hand of my watch. At that pace, how long would it take to add $1 billion? $1 trillion? Too many zeroes for my brain.