With the national debt now topping $12B, the government faces a payment shock similar to the one...

|By:, SA News Editor

With the national debt now topping $12B, the government faces a payment shock similar to the one that sent overstretched homeowners into default on their mortgages once interest rates start to rise, NY Times says. "The government is on teaser rates," one watchdog says. "We're taking out a huge mortgage right now, but we won't feel the pain until later."