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Republican ravings cost Americans $150,000. Each. "[Comptroller General David M.] Walker put U.S. debt and obligations at $45 trillion in current dollars -- almost as much as the total net worth of all Americans, or $150,000 per person."

"The only thing the United States is able to do a little after 2040 is pay interest on massive and growing federal debt," Walker said. "The model blows up in the mid-2040s. What does that mean? Argentina."

But aren't we Americans special? Didn't our fearless leader Dick Cheney tell us that deficits don't matter?

"No republic in the history of the world lasted more than 300 years," Walker said. "Eventually, the crunch comes."

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