More Dangerous than Germany and Japan

Title is referring to the United States debt. Illustrates how we are deteriorating as a nation.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a5yQoLaUYCsc&refer=home

The cost of hedging against losses on Treasuries rose to a record on concern the U.S. government faces higher liabilities because of its rescue of mortgage companies Fannie Mae and Freddie Mac, credit-default swaps show.

Contracts on U.S. government debt increased 3.5 basis points to a record 18, up from 6 basis points in April, according to CMA Datavision prices for five-year credit-default swaps at 5 p.m. in London. Credit-default swaps on German government bonds cost 8 basis points and Japanese bonds 16.5 basis points.