More bad news...

from the IMF:

The IMF forecast in November that gross U.S. borrowings will amount to the equivalent of 99.5 percent of annual economic output in 2011. The U.K.’s will reach 94.1 percent and Japan’s will spiral to 204.3 percent.

Investors will eventually demand higher interest rates to lend to countries around the world that have accumulated debt, including the U.S.