https://pjmedia.com/richardfernandez/2009/08/21/the-nine-trillion/feed/PJ Media is a leading news site covering culture, politics, faith, homeland security, and more. Our reporters and columnists provide original, in-depth analysis from a variety of perspectives.en-usSat, 13 Jun 2026 09:11:58 -0400<![CDATA[Don Surber links to a Reuters story saying that President Obama plans to borrow 28% more than previously planned: &#8220;$9 trillion over the next 10 years&#8221;. Reuters says that &#8220;record-breaking deficits have raised concerns about America&#8217;s ability to finance its debt and whether the United States can maintain its top-tier AAA credit rating.&#8221; For those who are interested, Jeffrey Rogers Hummel at the Library of Economics and Liberty argues that while many believe the country will inflate itself out of debt, &#8220;it is far more likely that the United States will be driven to an outright default on Treasury securities, openly reneging on the interest due on its formal debt and probably repudiating part of the principal.&#8221;]]>Fri, 21 Aug 2009 17:13:49 -0400<![CDATA[Richard Fernandez]]>https://pjmedia.com/richard-fernandez/2009/08/21/the-nine-trillion-n189007