all held by the Japanese and Chinese, who are starting to talk of moving out of dollars and into Euros.  If they stop buying our treasury bonds this economy could go very quickly into a Depression imo.  And Bush'd fiscal policies make it worse, especially if his privatization schemes get approved by Congress, which btw have to be financed by more debt.

And remember, they want to make the tax cuts permanent.  If they do that, the debt gets much worse.

Add in our trade deficit whgich has never been higher and I think you can start to see the picture is not very rosy.